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Oil Slump Deepens While Tech Stocks Struggle
The Wall Street Journal41d agobearish
Oil Slump Deepens While Tech Stocks Struggle

TODAY'S MARKETS Oil prices on Wednesday fell toward prewar levels, while tech stocks struggled to shake off AI-bubble fears. Brent crude dropped 4.3% to $73.74 a barrel, only slightly above its last closing price just before the Iran war started.

Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)
InvestorsHub42d agobearish
Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)

Shares of (NASDAQ:CBRS) fell roughly 14% in premarket trading on Wednesday after the AI chipmaker delivered mixed first-quarter 2026 results, with strong revenue growth overshadowed by an earnings miss and weaker margin guidance. The company, which describes itself as the builder of “the world’s fastest AI infrastructure,” reported revenue of $193.

Cerebras quarterly revenue nearly doubles in first report post-IPO
Reuters42d agobearish
Cerebras quarterly revenue nearly doubles in first report post-IPO

Cerebras Systems's first-quarter revenue nearly doubled, its ‌first financial update since going ‌public showed on Tuesday, as it benefited ​from robust enterprise demand for its specialized AI chips. Cerebras is poised to benefit from rising demand ‌for high-speed ⁠processing to train AI models and particularly for AI ⁠inference, or the process of running the models in real time. The ​chip designer ​is focused ​on inference, the ‌process by which AI systems respond to user queries, and has tied much of its growth to OpenAI, including a $20 billion multi-year ‌deal under which ​the ChatGPT creator ​will deploy ​750 megawatts of Cerebras ‌chips.