Gross Margin

Nvidia reported fiscal second-quarter results that topped Wall Street expectations, led by stronger-than-forecast data center revenue. The company guided to $108 billion in revenue for the next quarter, while investors weighed a lower gross margin outlook and rising infrastructure costs.

Cerebras Systems fell 11% in after-hours trading after issuing a weaker gross margin outlook for the current quarter. The AI chipmaker posted strong revenue growth and a smaller-than-expected loss, but investors focused on profitability pressure.