Cerebras Systems shares fell about 6% by 11:20 a.m. ET on Friday, following Intel's earnings report. Intel beat expectations with earnings of $0.52 per share versus $0.40 forecast and $16.5 billion in sales, but guided Q4 earnings to about $0.25 per share and revenue of no more than $16 billion, below the $17.1 billion Wall Street had hoped for. The article notes both Intel and Cerebras are seen as AI stocks, so the health of the AI economy matters to both; Intel's AI-for-data-center revenue rose 78% year over year, but its Q4 guidance implies a drop of more than 50% in profits. Intel CFO David Zinsner said demand for data center and AI products is expected to keep exceeding supply through 2027 and into 2028, while Intel's sales weakness is in PCs, a market Cerebras does not target.
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