Coherent, Cerebras and Cisco fall in premarket trading despite mixed AI updates
Coherent fell about 4% in premarket trading despite results and guidance that both exceeded market expectations, as near-term profit-taking pressure continued to weigh on the stock. AI chip company Cerebras fell about 17% after its second-quarter hardware revenue unexpectedly declined, highlighting demand volatility on its path to challenge Nvidia. Cisco fell about 4% after reporting record revenue for the latest quarter and a surge in AI orders, but its full-year AI revenue forecast disappointed the market.
Coherent fell about 4% in premarket trading despite results and guidance that both exceeded market expectations, as near-term profit-taking pressure continued to weigh on the stock.
AI chip company Cerebras fell about 17% after its second-quarter hardware revenue unexpectedly declined, highlighting demand volatility on its path to challenge Nvidia.
Cisco fell about 4% after reporting record revenue for the latest quarter and a surge in AI orders, but its full-year AI revenue forecast disappointed the market.
AI chip company Cerebras fell about 17% after its second-quarter hardware revenue unexpectedly declined, highlighting demand volatility on its path to challenge Nvidia.
Cisco fell about 4% after reporting record revenue for the latest quarter and a surge in AI orders, but its full-year AI revenue forecast disappointed the market.