US stock markets closed last week with strong gains, led by the Dow, Nasdaq, and S&P 500, all maintaining levels above their rising 52-week averages. Investors are closely watching upcoming inflation reports (CPI and PPI) and earnings from tech companies like CoreWeave, Cisco, and Applied Materials to gauge the strength of AI-driven spending and the Federal Reserve's next moves. Inflation data following weaker July payrolls has lowered expectations for further rate hikes, supporting the current market rally. The week's economic releases and Fed commentary will be key to sustaining or testing this upward trend.
Tech companies are cutting thousands of jobs as AI reshapes the industry, with layoffs reaching near-record highs. Oracle cut 21,000 jobs, Microsoft 4,800, and Cisco 4,000, reflecting a shift from labor to AI-driven automation and infrastructure inve...
Cisco will release its fourth quarter fiscal year 2026 financial results on August 12, 2026, after market close. The company will hold a conference call at 1:30 PM PT to discuss the results, which will be available via telephone, internet webcast, an...
Cisco Systems will report quarterly results on August 12, with UBS expecting revenue and earnings to surpass consensus due to rising demand for AI infrastructure and steady campus networking spending. UBS forecasts networking revenue growth of 26% ye...
The Open Secure AI Alliance (OSAA), led by Nvidia and comprising over 120 companies, has created the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. The group, managed by The Linux Foundation, presented proposals for confidential inci...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
