💨 Abstract

Cerebras Systems, an AI chip firm, reported a threefold increase in annual revenue for 2023, as per its U.S. IPO filing. The surge in AI adoption by businesses has boosted companies providing AI-related semiconductors, with Nvidia's stock doubling in value this year. However, AI stock euphoria concerns led some investors to exit the sector earlier.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖