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Dell Rises 4% and HP 6% Premarket. Cisco Sinks 7%. What’s Causing the Biggest Premarket Moves?
24/7 Wall St.43d agoneutral
Dell Rises 4% and HP 6% Premarket. Cisco Sinks 7%. What’s Causing the Biggest Premarket Moves?

Hardware stocks are splitting Thursday morning. Dell Technologies (NYSE:DELL) is indicated up 4% premarket and HP (NYSE:HPQ) is up 6%, while Cisco Systems (NASDAQ:CSCO) is down 7%. Two separate catalysts are driving the divergence: a blowout quarter out of Lenovo overnight and Cisco’s own fiscal fourth quarter results after Wednesday’s close. Premarket levels can shift ... Dell Rises 4% and HP 6% Premarket. Cisco Sinks 7%. What’s Causing the Biggest Premarket Moves?

Cerebras slumps as mixed quarterly results test AI growth narrative
Reuters43d agobearish
Cerebras slumps as mixed quarterly results test AI growth narrative

Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising ‌doubts about the ability of its AI chips to challenge Nvidia. Expectations ‌were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the strong ​run-up in shares driven by Big Tech's ballooning spending, set to cross more than $740 billion for this year. Here are some details: • Cerebras, in its second earnings report as a public company, offered a mixed picture as it ‌increasingly derived revenue from cloud ⁠computing rather than its AI chips.

Cisco Says AI Boom Is Forcing Companies to Upgrade Networks — ‘It’s Just Not Optional’
Benzinga43d agobullish
Cisco Says AI Boom Is Forcing Companies to Upgrade Networks — ‘It’s Just Not Optional’

Cisco Systems, Inc. (NASDAQ:CSCO) stock traded lower Thursday morning despite the company reporting better-than-expected fiscal fourth-quarter 2026 results and issuing guidance above Wall Street estimates. Revenue rose to $17.25 billion, topping the $16.82 billion analyst estimate. Adjusted earnings of $1.22 per share beat the $1.17 consensus estimate. Management described the current environment as the early stages of a multi-year networking and AI infrastructure supercycle. The company cited a

Stocks to Watch Thursday: Lenovo, Applied Materials, StubHub, Cisco
The Wall Street Journal43d agoneutral
Stocks to Watch Thursday: Lenovo, Applied Materials, StubHub, Cisco

↗️ Lenovo Group (HK:992): Shares rose 19% in Hong Kong after the company posted record-high revenue driven by AI infrastructure demand. ↘️ StubHub (STUB): Shares in the ticket seller tumbled over 13% premarket after the company failed to turn a profit in the second quarter due to climbing costs, despite surging revenue from the World Cup.

Cisco Systems Q4 Earnings Call Highlights
MarketBeat43d agoneutral
Cisco Systems Q4 Earnings Call Highlights

Cisco Systems (NASDAQ:CSCO) reported record fourth-quarter and fiscal 2026 results, citing broad demand for networking, AI infrastructure, security and collaboration products. The company also issued fiscal 2027 guidance that calls for continued revenue and earnings growth as it pursues what Chief E