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Why Cerebras Stock Dropped Today

Cerebras Systems (NASDAQ: CBRS) stock tumbled 6% through 11: 20 a. m. Intel reported a big earnings beat last night -- $0. 52 per share, where Wall Street had expected only $0. 40, and $16. 5 billion in sales, also exceeding expectations. The problem was that Intel then told investors that in Q4 it would probably earn only $0. 25 per share, with no more than $16 billion -- versus the $17. 1 billion that Wall Street analysts had hoped for .

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