$CBRS Cerebras Tape Reports
Per Ticker.id: $CBRS Cerebras Tape Reports — 25 podcast mentions across 6 podcasts (30 days), latest 2026-08-21 04:00 UTC.
I'll add that if Anthropic beats OpenAI to IPO, it's unlikely OpenAI will be able to float, or at least have anything approaching an IPO that anyone would actually want to invest in. While both are unprofitable, horribly so, Anthropic has the revenue advantage and slightly better unit economics, which is all it needs to make Sam Altman's public offering untenable. I think it's time to start having a reasonable discussion about the potential collapse of OpenAI and the ramifications for counterparties like Google, Microsoft, Amazon, CoreWeave, Cerebras, and of course Oracle and all associated venture capitalists. In particular Thrive, who has billions of dollars tied up in this company. And of course SoftBank, which needs that liquidity, otherwise, well, they're triple fucked. If you're a journalist listening to this, you need to start seriously thinking about and writing about this. Because the current state of this company suggests that it has few viable paths to avoid perdition. It can't raise much more money. 90% of its last funding round came from Nvidia, Amazon, and SoftBank, none of which are really going to do a return trip. SoftBank literally can't afford it. Venture capitalists have never offered more than $12 billion of any OpenAI round, and even a We Are the World telethon isn't going to be enough to keep this pig inflated. What a disgusting way of referring to a company. Anyway, continuing. There is not really a viable path for OpenAI here. I don't know what they do, but it's kind of looking like they're going to die, as I wrote in my newsletter this week, and I'll put a link to that in the, in the notes. Either way, I'm off on a flight tomorrow. It's a crazy week. You'll know why soon. It's all good stuff. I love you all. Thank you for listening. I'll be back next week with the wonderful Cal Newport. Catch you then.
Ed Zitron — Better Offline · Monologue: AI Hits A Wall · 2026-08-21It's so well said because if you look at what Cerebras and Groq and NVIDIA are up to, they're making inference 10 times, 5 times every year. And you're the chip master here, Gavin, but they'll be 5 to 10 times more efficient every 12 to 18 months. Then you look at the models and by the way, congratulations, you got Zuckerberg on your ass. Go ask MySpace, go ask Snapchat what it's like to have Zuckerberg in the rearview mirror. That's literally the T-Rex coming at the frontier models. He is a beast at copying, mimicking, and competing. He's going to be the open source hero from America. He is going to have the best open source model in the next year. I guarantee it here on the—
Jason Calacanis — All-In with Chamath, Jason, Sacks & Friedberg · Anthropic's $2T IPO, Zuck's AI Manifesto, Nvidia's $500B AI Bet, Grok's Comeback · 2026-08-14The wild ups and downs of earnings season continues. Motley Fool Hidden Gems Investing starts now. Welcome to Motley Fool Hidden Gems Investing. I'm your host Tyler Crowe, and today I'm joined by longtime Fool contributors Jon Quast and Matt Frankel. Guys, it has been a wild up and down of the second quarter. Look, we could go into the several reasons, and maybe once the earnings season dies down, we'll really kind of do a postmortem why this seems to be happening more, uh, with the AI trade recently and the volatility of the recent stock market. But we're a little busy with earnings right now. Uh, we had a couple big earnings reports. We had Cisco, we had Cerebras, which is a new IPO, a lot of investor excitement around that. And then we really dug into some under-the-radar stocks, doing a little bit of a lightning round, letting us, uh, kind of indulge our analyst, uh, tendencies a little bit here. But let's start with Cisco. Shares of Cisco are down 7.4% as we record. And considering the moves we've seen so far in the second quarter, that's actually a rather mild reaction for the stock. And as with anything that's selling equipment to data centers and AI, sales growth looked great, but it seems as though the fly in the soup was related to like service revenue, which came in a little lower than expected. So what, Matt, start with you. What stood out in the report?
Tyler Crowe — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13Claw.ai/fool. So I gotta admit, uh, in between segments I realized I made a bit of a mistake. Uh, it is not Cerebras apparently. Uh, I stay working from home way too much and don't get out and hear other people talking. Cerebras Systems is the company we're gonna be talking about. Uh, that's what I get for not listening on the conference calls again. So everyone can make fun of me in the comments, uh, for mispronouncing this company's name. Makes me look like I'm, I don't know what I'm talking about, but oh well. We're going to do it anyways. So the funny thing is here is this is a company that's, it's gotten a lot of Wall Street and investor buzz, and it's not having a great day on Wall Street. Company reported earnings that were after the close yesterday, and the stock's down about 13% as we're taping. So this is a novel concept for computing and inference that recently went public. Guys, what did Cerebras Systems report say and What were your reactions?
Tyler Crowe — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13Yeah. So I mean, at the core, the idea behind this business is simple, right? They build larger chips than any of the other ones that essentially take the place of several Nvidia chips and other components being networked together. Uh, so that's the idea and, and it would take less power, lower latency, things like that. The two revenue numbers in the report are, are uniquely confusing. They report what GAAP revenue, which is what we all expect, and then a number called core revenue, which is actually not only different but higher. Um, so that could be confusing to investors. So GAAP revenue grew 74%, but that missed estimates. So Reavers' core revenue more than doubled and beat management's own guidance. Now their core revenue, it excludes the impact of warrants that the company issues to some of its largest customers, specifically OpenAI. So accounting rules say that you have to account for the value of those warrants and subtract them from your revenue. It's not really a revenue hit, which is why they choose to report core revenue, but it's confusing. During the quarter, the revenue mix shifted toward cloud revenue away from hardware. Driven by its OpenAI deployments, while hardware revenue actually fell by 23%. So that could right there tell you why the stock fell. Their core gross margins, because of that, fell— or because of some other factors, fell by nearly 6 percentage points. It's temporarily renting back some of the hardware previously sold. So management said Q3 should be the low point for margins and it should come up. But with a money-losing business that a lot of people don't really understand the accounting behind and things like that, It just adds to the confusion. Cerebras' bull case is it's got over a $25 billion backlog. It has nearly $9 billion of cash on its balance sheet. And management specifically said, and I'm quoting, that AI demand is through the roof and revenue will triple year over year in 2027. But I mean, this is a business that investors understandably simply have seemed to be having a tough time wrapping their heads around, and I really don't blame them. with a revenue miss, margin issues, and a net loss that was surprisingly not great. I'm not terribly surprised that the stock fell in reaction to this quarter's report.
Matt Frankel — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13Yeah, you look at the, the guidance, and I do want to just correct the record here from some of the chatter I've seen on social media. Some investors out there saying, oh, Cerebras is intending to 10x its revenue in the coming year. That, that is not what the company said. Matt pointed out the correct number. It expects to triple its revenue year over year in the coming year, which would be absolutely incredible, and I wish them well. But the 10x number, that is for the manufacturing. And so this is a fabless semiconductor company, which means that it doesn't make its own stuff. That is made by other companies, specifically Taiwan Semiconductor is a supplier here, and so that 10x number is from its partners saying that they're going to increase the manufacturing. And so you look at Taiwan Semi, it's a pretty conservative company. So I, I do think that in a way this is a vote of confidence to dedicate some energy to making sure that it can 10x the supply of Cerebras's products. So, um, but I do wanna point out the difference here. The revenue, and we're talking core revenue, not actual revenue, the core revenue looking to triple, but the manufacturing looking to 10x, there's going to be, then that is a huge expected increase of revenue ongoing beyond the coming year.
Jon Quast — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13John, I'm shocked, shocked to discover that things that are said on social media aren't necessarily correct. Look, Cerebras hits at one of the challenges that I have been struggling with to work through with all of this AI spending, AI infrastructure buildout stuff. It, you know, it claims its AI chips, which, you know, look closer to the size of like bathroom floor tiles than what we would normally see in CPUs or GPUs. They claim they're faster. They have higher chip on chip memory. They require less power than current offerings. If it is as powerful as it claims, whether that's true or not, it remains to be seen. It would, in theory, solve a lot of the problems we see with memory and electricity demand because we can do more with less. And one of the things I've always said is With the current spending and the trajectory of what we have with the equipment we have, it's, it's not going to work because it just will take too much power, basically. So with me, to me, this seems to undermine a case for some of the biggest winners so far, like NVIDIA, some of the memory chip makers. And we can even go further down the AI infrastructure chain of like, maybe we just need a couple fewer data centers off the line here. Do you agree with this or am I perhaps reading it wrong?
Tyler Crowe — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13It certainly feels like Cerebras doing more with less should hurt NVIDIA and the memory companies and the other chip makers. But I mean, so far in this cycle of AI adoption, every single efficiency gain we've seen has just kind of expanded the appetite overall, right? In other words, right now there's so much demand that both Cerebras and NVIDIA can grow exponentially. NVIDIA might be, you know, nearing the end of its exponential growth because its revenue is, you know, more than Walmart. Not really, but getting close. But right now, you know, cheaper AI has meant more AI, not less. And the disruption is real. But I mean, the fact that Cerebras is relatively tiny compared to NVIDIA and has some margin issues of its own and, you know, production issues and ramp-up issues, it really shows NVIDIA's moat right now. So I don't think NVIDIA should be too worried for the time being. And NVIDIA's not exactly just kind of, you know, laying down and letting themselves be disrupted. They have a much deeper pockets than even Cerebras for, for, uh, innovation. So I, I don't think they should be too worried.
Matt Frankel — Motley Fool Hidden Gems Investing · Cisco & Cerebras Orders up, Stocks Down · 2026-08-13