AI chip company Cerebras drops over 16%, Cisco drops over 8%

Odaily News: According to MSX.COM data, the three major U.S. stock indices opened higher collectively, but AI chip company Cerebras fell over 16% after its second-quarter revenue missed market expectations. In addition, Virgin Galactic fell over 13% following the release of its second-quarter earnings report. Cisco fell over 8% after publishing its fourth-quarter financial results.