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Futures fell as Treasury yields and oil prices jumped on President Trump comments after Nvidia ran and the Cerebras IPO soared. The Trump-Xi summit is over.
Record $15.8 billion in revenue and a near-doubling of AI orders to $9 billion sent shares soaring.
Wall Street closed higher on Thursday following positive developments at the U.S.-China summit.
President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.
IRM, CSCO and NVT posted record quarterly sales as AI-driven data center demand boosts orders, leasing activity and guidance.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF, FRA:1UJ0) told investors that its Crossroads well in Garvin County, Oklahoma, has been drilled on budget to a target depth of 4,600 feet, with evaluation and testing scheduled to begin in mid-June. The AIM-listed onshore hydrocarbons company, which...
eGain Corp (EGAN) reports robust AI knowledge ARR growth and strategic innovations, despite facing revenue growth challenges and longer sales cycles.
Cisco Systems (CSCO) climbed 25% in the past week as investors woke up to a simple shift. AI is driving a multibillion-dollar rebuild of the networks that power modern computing, and Cisco sits squarely in that spend cycle. That shift could ripple across the broader tech industry. As AI workloads ...
AI Boom Pushes Dow Above 50,000 After Cisco Blowout Results
Cisco lifted its hyperscaler order target to $9 billion as its AI networking pivot gains traction.
President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the key waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.
AI-driven orders, record revenue, and a sweeping restructuring put this networking giant’s next phase under scrutiny, today, May 14, 2026.
<body><p>STORY: Cisco shares surged to a record-high on Thursday after the company posted AI demand-powered strong results and announced nearly 4,000 job cuts to redirect investments into technology.</p><p>Cisco has emerged as a big winner from Big Tech's AI spending spree, thanks to its key role in supplying gear crucial to the functioning of data centers. The stock had gained 32% this year by Wednesday's close.</p><p>Lang said that "if you go back to the dotcom era, when Cisco was the king of all the tech names," the company's internet networking equipment was "starting to die out."</p><p>"Whereas today, Cisco has made that transformation into becoming an AI security network company," he added, calling it an area of technology that is just "starting to get bigger and better."</p></body>
The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut, while Broadcom and Taiwan Semiconductor flashed buy signals. The Trump-Xi summit continues.
The U.S. stock market rose to more records after Cisco Systems joined the parade of companies reporting fatter profits for the start of 2026 than analysts expected. The Nasdaq composite added 0.9% to its own record. Cisco led the way after talking up demand it’s seeing from AI and other customers, while oil prices held relatively steady.
AI is rarely the sole reason companies cite when taking layoffs, with most still pointing to wider corporate restructuring or macroeconomic headwinds. On Wednesday, Cisco Systems announced plans to cut under 4,000 jobs, or about 5% of its workforce. The announcement arrived the same day the tech giant unveiled record revenue for its third fiscal quarter, amid soaring demand for its AI tools and infrastructure.
US equity indexes ended higher on Thursday as technology stocks led major gains in the Nasdaq and th
Cisco (CSCO) overnight reported a year-over-year jump in fiscal Q3 earnings and revenue, topping mar
US equity indexes rose after midday Thursday as strong gains in technology helped the S&P 500 and th
Tech companies say they're cutting costs as they invest more heavily in AI, which is reshaping how people work.
Cisco beats Q3 FY26 estimates as networking and hyperscaler AI orders jump. It also raises FY26 outlook and unveils a restructuring plan.
Cisco Systems, Inc. (NASDAQ:CSCO) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer expressed regret over selling the stock, as he commented: Next is one that I regretfully sold, and I wish I hadn’t. It’s called Cisco Systems, which is […]
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