Cerebras Delivers Earnings Beat. Market Rewards the Stock.

What happened: Cerebras, an artificial-intelligence chip maker, beat earnings expectations and its share price climbed in after-hours trading. Why it matters: The after-hours move shows the market rewarded the company for topping expectations. Market: +1.5% today ($222.70), +14.7% YTD — as of 01:28 UTC

Cerebras, an artificial-intelligence chip maker, beat earnings expectations and its share price climbed in after-hours trading.

The after-hours move shows the market rewarded the company for topping expectations. Market: +1.5% today ($222.70), +14.7% YTD — as of 01:28 UTC