Report of the week: Cerebras’s revenue growth by Sacra
Picking the right semiconductor stocks can make or break your portfolio’s performance for the year.
While Nvidia's Q2 results and rising competition dominate the headlines, Sacra has just published a revenue growth report on Cerebras—one of Nvidia's leading private challengers and a prominent member of our Launchbay25 Index.
Sacra estimates that Cerebras generated $250M in revenue in 2023, representing a staggering 200% year-over-year growth. This impressive trajectory positions Cerebras as the largest revenue-generating AI chip startup. With such momentum, Cerebras has firmly secured its place in one of the most exciting battles in tech. Check out this insightful analysis on Cerebras' competition with Nvidia.
On the secondary market, investor sentiment is rising, with implied valuations climbing since May, further fueled by IPO rumours.
High Liquidity SaaS benchmarks
Last week, ChartMogul released growth benchmarks for private SaaS companies, while Clouded Judgement shared Q2 2024 software earnings. We analyzed growth benchmarks for liquid private SaaS companies and compared them with both private and public growth metrics.
Whilst a slower growth across the board than last year, companies in the High liquidity sector are there for a reason - the performance is consistently stronger when compared to both public and private peers.
Launchbay platform August results
In August, the Launchbay25 Index rose by 6 points (3.7%), driven primarily by a 43% spike in Revolut's share price. Check out our August report for a deep dive into the top price gainers and losers, the most actively listed companies, and leading sectors in the Launchbay25 Index.