Pre-market Trading Analysis: Cerebras Surges on Q3 Earnings While Microsoft and Nvidia Face Volatility
Cerebras (CBRS) shares surged 16% in pre-market trading following a significant third-quarter earnings beat. The AI chipmaker reported an adjusted profit of $0.12 per share, defying analyst expectations of a $0.14 loss, and posted revenue of $231 million, surpassing the forecasted $215 million. In contrast, Microsoft (MSFT) shares declined by over 1% due to service outages affecting Outlook and Teams. Meanwhile, Nvidia (NVDA) saw a modest recovery of over 2%, attempting to stabilize after a sharp 4% decline triggered by the resignation of CEO Jensen Huang.
Topics: CEO resignation earnings beat service outage stock market moves