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Cisco (CSCO) Rallies 20% as AI Orders Smash $9B Target, Announces 5% Job Cuts
Cisco Systems (CSCO) sent shockwaves through the tech sector on Wednesday, surging nearly 20% in after-hours trading after reporting a massive uptick in AI-related infrastructure orders. The networking giant raised its full-year AI order forecast to $9 billion, up from a previous estimate of $5 billion, proving that the "AI Gold Rush" is moving beyond chips and into the fabric of the data center itself.
17m ago
2h ago
S&P 500 Price Hits Record $7,459: Will the Trump-Xi Beijing Summit and AI Profits Crush the 6% PPI Shock?
The S&P 500 climbed to a fresh record high of 7,459.46 on May 14, 2026, defying a shocker wholesale inflation report that saw the PPI jump 6% year-over-year. While the war in Iran continues to pressure energy prices, the AI Supercycle remains the dominant market force, with tech giants like Nvidia, Apple, and Tesla joining President Trump’s business delegation to Beijing.
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2h ago