Cerebras Stock Has Been Cut in Half. It Still Costs About 145 Times Next Year's Estimated Earnings.

Key Points Cerebras' core revenue more than doubled year over year in the second quarter, and management raised its full-year outlook. Even after a 52% decline, the stock trades at about 145 times next year's expected earnings. Cerebras expects about $5.6 billion of its $25.4 billion backlog to convert to revenue by the end of June 2028. 10 stocks we like better than Cerebras Systems › Cerebras Systems (NASDAQ:CBRS) has been cut in half. Shares of the artificial intelligence (AI) computing specialist peaked at $386.34 on their first day of trading in May, a day after the company priced its initial public offering (IPO) at $185 and raised $6.4 billion.