Dow Jumps 0.8% Toward 50,000 as Cisco Surges 18% on Record $15.8 Billion Revenue
Updated
Updated · XTB · May 14
Dow Jumps 0.8% Toward 50,000 as Cisco Surges 18% on Record $15.8 Billion Revenue
8 articles · Updated · XTB · May 14
Cisco climbed 16%–18% to a record high after posting fiscal Q3 revenue of $15.8 billion, up 12%, with EPS of $1.06 topping estimates and helping lift U.S. futures at the open.
AI demand drove the beat: Cisco said infrastructure orders rose more than 50% and projected $9 billion in AI orders for fiscal 2026, even as it unveiled a roughly $1 billion restructuring with nearly 4,000 job cuts.
U.S. equity sentiment also got a boost from Cerebras' $5.55 billion Nasdaq debut and upbeat signals from the first Trump-Xi summit day in Beijing, where Xi told CEOs including Tim Cook and Jensen Huang that China would open wider.
Reuters reported Washington may allow Nvidia H200 sales to about 10 Chinese companies, lifting Nvidia 2.4%, though the Treasury distanced itself from the report; WTI crude also rose 0.8% to $101.78 after U.S.-China talks backed keeping Hormuz open.
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