Cerebras shares fell as much as 12% Thursday, putting the chipmaker on track for a record two-session loss after its annual sales outlook disappointed investors.
A 20% plunge on Wednesday had already pushed the stock below its IPO price for the first time, deepening the selloff when trading resumed.
The latest drop took Cerebras to its lowest level since its May market debut, underscoring how sharply sentiment has turned on the newly listed AI chipmaker.