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.
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