Strong earnings and optimistic guidance from companies involved in AI infrastructure, semiconductors, and data centers propelled major stock indices to new record highs. Key players like Cisco Systems, Nvidia, Applied Materials, and Broadcom led this momentum. However, rising geopolitical tensions around Iran and the Strait of Hormuz, along with uncertainty after the Trump-Xi summit, caused crude oil prices to spike, reigniting inflation concerns. Strong inflation data pushed Treasury yields higher and reduced expectations for Federal Reserve rate cuts, increasing volatility in growth and interest-rate-sensitive stocks.
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...
