Cerebras Systems reported GAAP revenue of $193.4 million for the first quarter of fiscal 2026 ended March 31, 2026, up 94% from a year earlier. The company also announced a multiyear agreement for OpenAI to deploy 750 megawatts of Cerebras high-speed inference compute valued at more than $20 billion. Cerebras said it is launching a multiyear partnership with Amazon to bring fast inference to AWS through a disaggregated inference strategy and global distribution. It also said it raised $6.4 billion in gross proceeds through its IPO and trades on Nasdaq under the ticker CBRS.

Cerebras reported its first earnings since its IPO, posting Q1 revenue of $193.4 million, up from $99.5 million a year earlier, and an adjusted net loss of $2.5 million, narrower than expected. The company guided for Q2 gross margin of 36% to 38%, above expectations but still well below AI chip rivals such as Nvidia. Cerebras’ reliance on a $20 billion multiyear OpenAI deal, alongside concerns about yields and costs for its very large chips, weighed on sentiment as the stock fell 7.8% in after-hours trading.

U.S. stocks ended lower on Tuesday, with the Nasdaq and the S&P 500 closing at one-week lows as semiconductor shares sold off. The Philadelphia SE Semiconductor index and the S&P 500 information technology sector both declined, while Nvidia, AMD, Intel and Marvell weakened. Investors questioned whether debt-funded AI capital spending is sustainable and grew more cautious about the Fed potentially hiking rates again in December, pushing volatility to a one-week high.

ASML Holding N.V. is set to release its Q2 FY2026 results before the market opens on July 15, after its shares hit a new 52-week high of $1,959.04 on June 22. Wells Fargo raised its price target to $2,200 from $1,750 while reiterating an “Overweight” rating, and BofA lifted its target to $2,345 from $2,268 while keeping a “Buy” rating. In Q1, ASML posted net sales of €8.8 billion ($10 billion) and a 53% gross margin, while management guided Q2 sales of €8.4 billion ($9.6 billion) to €9 billion ($10.3 billion) and lifted its 2026 net-sales outlook to €36 billion ($41.2 billion) to €40 billion ($45.8 billion). Analysts also expect ASML’s 2027 order book to be fully spoken for by the time the company reports on July 15.

India’s Enforcement Directorate raided nine locations linked to Rajesh Exports in Bengaluru and Mumbai as part of an investigation into alleged forex violations. Investigators found the company’s physical gold inventory was about 40% lower than what was recorded in its books and flagged suspected benami shareholdings as well as adjustments of trade receivables and payables of nearly ₹3,000 crore. Sebi had previously alleged the company overstated consolidated revenue by more than ₹15 lakh crore over a five-year period. The developments have raised questions over confidence in the gold trading chain but do not point to changes in global gold supply-and-demand fundamentals.

SpaceX is preparing an investment-grade bond sale that could exceed $20 billion, with proceeds largely aimed at refinancing a bridge loan tied to its xAI acquisition that matures in September 2027. Any additional funds would support expansion across Starlink, AI and its rocket business. As of March 31, 2026, the company reported $29.1 billion in long-term debt and about $15.9 billion in cash and equivalents.

标普500指数周二开盘下跌1.61%，报7352.61点，延续科技股主导的连续下跌。Alphabet跌5%，SpaceX跌16%，亚马逊、Meta、微软均显著下挫。Polymarket显示6月23日‘上涨’开盘概率仅2%。市场聚焦周四公布的PCE物价指数——美联储最青睐的通胀指标，此前美联储会议释放鹰派信号，强化年内再加息预期。

U.S. stocks were mixed Tuesday as semiconductor shares sold off sharply, sending the VanEck Semiconductor ETF (SMH) lower and weighing on the Nasdaq 100. Micron fell 9.5%, Corning dropped 8.9%, and NVIDIA declined 3.2%. The Nasdaq 100 slid 2.4% to 29,608, while the S&P 500 fell 0.9% and the Dow edged up 0.2%. Traders also questioned whether the AI trade has become overextended, with risk-off positioning intensifying ahead of Micron’s earnings.