After Cerebras stock went down by 20%, CEO Andrew Feldman claims investors made ‘wrong’ prediction: ‘We laid out a plan at…’

Cerebras Systems CEO Andrew Feldman said investors misunderstood the company’s profit outlook. This remark came after the artificial intelligence (AI) chipmaker’s shares fell nearly 20% following its first earnings report as a publicly listed company. The decline came after Cerebras forecast a lower gross margin for its core business this year.

Speaking to CNBC, Feldman said the company’s guidance had been misinterpreted and maintained that Cerebras remains ahead of the financial plan it shared when it went public. “It is misunderstood. You know, we laid out a plan at the start of ’26.