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Cisco reported fiscal Q3 earnings and revenue that topped estimates. Cisco stock, which hit a record high on Wednesday, climbed on the news.
(Updates with details of restructuring plan and dividend in the eighth and ninth paragraphs.) Cis
Cisco Systems Inc (NASDAQ:CSCO) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the report. Cisco Systems stock is approaching key resistance levels. What’s driving CSCO to record levels? Cisco Q3 Earnings Highlights Cisco posted third-quarter revenue of $15.84 billion, beating analyst estimates of $15.56 billion. The networking equipment company reported adjusted earnings of $1.06 per share for the quarte
Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.
(Bloomberg) -- Gold fell as the latest US data showed a resurgence in inflation, reinforcing bets that the Federal Reserve will keep interest rates higher for an extended period of time.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboBullion dropped as much as 1% Wednesday after
AI heavyweight Nvidia (NVDA) will report its first quarter results on May 20, in what is easily one of the most anticipated announcements of the earnings season.
Ford Motor’s stock soared Wednesday as Wall Street cheered the automaker’s increased focus on using batteries once meant for electric vehicles as stationary energy-storage systems. Morgan Stanley analysts cited the company’s new Ford Energy subsidiary in a note Wednesday as an “underappreciated” competitive advantage. Energy storage systems are large stationary batteries, which have emerged as an alternative business strategy for carmakers who invested heavily in electric vehicle battery plants.
Colgate-Palmolive (NYSE:CL) is exactly the kind of name investors hunt for when the macro picture gets murky. Low beta, a 63-year dividend streak, and a portfolio of brands that sell whether the economy expands or contracts. With shares at $87.44 and tariffs creating fresh margin pressure, the question is whether the defensive premium is already ... Prediction: Colgate-Palmolive Will Jump 20% This Year
(Updates prices.) Gold edged higher midafternoon Wednesday even as the dollar rose after a repor
Ford shares surged on Wednesday after Morgan Stanley said Ford's new energy business could be a winner for the automaker, based on a big competitive advantage it has with battery tech.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 1% on Wednesday. The Dow traded down 0.24% to 49,638.96 while the NASDAQ gained 1.18% to 26,395.66. The S&P 500 also rose, gaining, 0.60% to 7,445.55. Leading and Lagging Sectors Communication services shares jumped by 1.6% on Wednesday. In trading on Wednesday, utilities stocks fell by 1.4%. Top Headline Alibaba Group Holding Ltd. (NYSE:BABA) shares gained around 6% on Wednesday after the e-commerce and clou
Ford Motor Co (NYSE:F) shares are skyrocketing Wednesday. Morgan Stanley released new research arguing that the company's energy storage ambitions are far more valuable than the market currently recognizes, putting the stock on pace for its best session since March 2020. Here’s what you should know. Ford Motor stock is among today’s top performers. What’s behind F gains? What’s Pushing Ford Higher? Morgan Stanley analyst Andrew Percoco reiterated an Equal‑weight rating and kept a $14 price targe
Tech stocks ripped higher on Wednesday despite a sharply hotter-than-expected April Producer Price Index reading that rekindled inflation anxieties and rate-hike fears, as strength in semiconductors fueled investor sentiment. Nvidia Corp. (NASDAQ:NVDA) rallied for the sixth straight session to above $226 per share, with the company’s market cap soaring above $5.5 trillion ahead of next week’s highly awaited earnings report. Speaking via Truth Social shortly before landing in Beijing, Trump told
Cisco earnings are coming after the close. Memory costs have been surging, and that’s hurt tech hardware companies’ margins.
The company reported earnings results above consensus estimates and announced a new data center site with large capacity.
Arm Holdings and SoftBank Group made an approach to acquire Cerebras Systems weeks before its expected initial public offering, which was rebuffed. Bailey Lipschultz has more on "Bloomberg Deals."
Tower Semiconductor (NASDAQ:TSEM) reported better-than-expected financial results for the first quarter and issued an upbeat outlook, sending its shares 12% higher on Wednesday morning. For the quarter ended March 31, 2026, Tower Semiconductor reported revenue of $413.6 million, compared with...
Nvidia and other chip stocks tied to the artificial intelligence megatrend received positive analyst reports on Wednesday.
AI Boom Sends Nebius Stock Flying After Stunning Earnings Beat
Raj Subramaniam downplays fears around logistics expansion push
GameStop CEO Ryan Cohen isn’t giving up on his quest to buy eBay, even after his unsolicited $56 billion takeover proposal was rejected earlier this week. EBay “needs to be on Ozempic–it’s literally obese,” Cohen said in an interview with crypto influencer Anthony Pompliano that was published online Wednesday. Cohen went on to explain why he wants to own eBay, including big cost-cutting opportunities he says he is eyeing.
(Bloomberg) -- Cloud computing provider Nebius Group NV reported a 684% jump in first quarter sales on increased demand for its data centers. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyRevenues reached $399 million for the quarter, the Amsterdam-based company said in a st
The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. June E-mini S&P futures (ESM26 ) are down -0.20%, and June E-mini Nasdaq futures...
China’s Alibaba said that growth accelerated for both its artificial intelligence and cloud businesses in the latest quarter, driven by the AI boom, even though overall revenue rose just 3% to to 243 billion yuan ($36 billion). Revenue from its Cloud Intelligence Group, which focuses on cloud computing and AI developments, jumped 38% in the January-March quarter from a year ago.
Shares of Tower Semiconductor (NASDAQ:TSEM) surged more than 14% in premarket trading on Wednesday after the company reported stronger-than-expected first-quarter results and issued record revenue guidance for the current quarter. The stock climbed 14.
Shares of Nebius Group (NASDAQ:NBIS) surged nearly 15% in premarket trading on Wednesday after the company reported first-quarter results that exceeded analyst expectations and highlighted accelerating growth across its AI cloud business. The stock jumped 14.
Intel's rally added more than $440 billion in market value as AI optimism and Nvidia backing lifted semiconductor shares.
Investing.com -- Daiwa Capital Markets has downgraded Advanced Micro Devices to Outperform from Buy, citing the chipmaker's near-150% share price gain over the past 60 days, even as the firm raised its price target to $500 from $250 following a strong first-quarter earnings beat.
