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00:02Cerebris Systems shares surged 17% in extended trading Thursday
00:07after the AI chipmaker reported better-than-expected revenue
00:10and announced a new deal with Microsoft, according to CNBC.
00:15Third-quarter core revenue rose 70% to $230.9 million,
00:21exceeding Wall Street expectations of $214.7 million.
00:26Cerebris reported a loss of 67 cents per share.
00:30The company expects fourth-quarter revenue between $310 million and $330 million,
00:36above analyst forecasts of $271 million.
00:40Cerebris also projected a core gross margin of 47% to 49%,
00:45compared with expectations of 42.1%.
00:49The company expects revenue to triple in 2027 to approximately $2.85 billion.
00:56CEO Andrew Feldman said the Microsoft deal, signed in October,
01:01is expected to begin generating revenue in the first quarter of 2027.
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