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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 […]
Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company's restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look.
US equity indexes rose in midday trading on Thursday as technology topped sector charts, pushing the
Tech giants and easing US-China tensions helped lift stocks after retail sales matched expectations.
Cisco Systems (NASDAQ: CSCO) shares surged as much as 17% in post-market trading following the Q3 2026 release, though the rally was not merely a reaction to the headline numbers. While revenue hit $15.84 billion, surpassing the $15.56 billion consensus, and non-GAAP EPS of $1.06 cleared expectations, the real catalyst was a massive upward revision in the company's full-year outlook. By raising fiscal 2026 revenue guidance to a range of $62.8 billion to $63.0 billion, Cisco signaled that a speci
Investing.com -- Cisco Systems CEO Chuck Robbins told CNBC on Thursday that surging demand for artificial intelligence tools and equipment is pushing the industry toward a "networking supercycle."
Networking technology giant Cisco (NASDAQ:CSCO) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.
Cisco Systems' (CSCO) expanded hyperscaler partnerships are paying dividends for the networking equi
Cisco chief Chuck Robbins spoke to CNBC as his company’s shares rallied on the back of plans to cut jobs and pour more money into artificial intelligence.
Cisco Systems (CSCO) delivered a fiscal Q3 beat driven by accelerating AI-related networking demand
Six major Wall Street firms hiked their price targets on Cisco Systems (NASDAQ:CSCO) on May 14, following a blowout fiscal Q3 2026 report that sent shares surging roughly 19% after the close. The coordinated wave of revisions reflects a clear thesis shift: Cisco’s accelerating hyperscaler order book has decisively answered the long-running bear case that ... Six Firms Just Piled Into Cisco: Wall Street Rushes to Hike Price Targets After 20% Earnings Pop
Cisco crushed estimates and raised guidance. The dot-com recovery is officially old news.
Cisco (NASDAQ: CSCO), one of the older big tech companies in America, said in its earnings announcement that it would cut 4,000 jobs as it moves its businesses toward AI. Cisco calls itself “The critical infrastructure for the AI era.” That is a way to drive a stock up without really saying much. Cisco’s results ... AI Causes Another 4,000 Layoffs
Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) reported fiscal third quarter 2026 results that topped Wall Street expectations on both revenue and earnings, driven by accelerating demand for AI infrastructure, sending shares up about 14% to about $116 on Thursday morning. The company posted...
This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.