Cerebras is down 17% today and 50% from the highs. It was the biggest semiconductor IPO of the year. They guided full-year gross margins down from 47% to ~37% due to rising infrastructure and pass-through costs. While revenue growth decelerates from 92% in Q1 to a guided 69% for the full year. We are now well past the point of the hypergrowth story.(James Van Straten)