Trending Now - Cisco's Strong Earnings Boost Dow Jones to 50,000 Mark
WHO:
Fast Company - Cisco Systems, CEO Chuck Robbins, Gargi Pal Chaudhuri (chief investment and portfolio strategist at BlackRock), Cerebras Systems.
Bloomberg Markets - President Xi (of China), President Trump.
WHAT:
Techmeme - Cisco reported Q3 revenue up 12% year-over-year to $15.84 billion, exceeding the estimated $15.56 billion.
Techmeme - Cisco forecasts Q4 revenue above estimates and is cutting almost 4,000 jobs.
Bloomberg Markets - Cerebras raised $5.55 billion in the year’s biggest IPO, with shares set to begin trading on the Nasdaq later in the day.
Fast Company - Cisco's stock jumped 15.5%, marking potentially its best day in nearly 15 years.
Fast Company - The Dow Jones Industrial Average climbed 386 points, or 0.8%, reaching above the 50,000 level for the first time since the war with Iran began.
Fast Company - The S&P 500 added 0.9% to its all-time high.
Fast Company - Cerebras Systems raised $5.55 billion in an initial public offering.
Bloomberg Markets - Tech stocks extended their rally due to Cisco's strong forecast and AI restructuring plan.
WHERE:
Fast Company - The U.S. stock market.
Bloomberg Markets - Beijing (meeting location between Xi and Trump).
WHEN:
Fast Company - The earnings report is for the start of 2026.
Bloomberg Markets - The IPO for Cerebras is noted as the year’s biggest.
WHY:
Bloomberg Markets - President Xi pressed Trump on Taiwan, warning of potential clashes if tensions are mishandled.
Fast Company - Strong demand for AI technology is driving profits and market records.
Fast Company - The war with Iran has created inflationary pressures affecting U.S. consumers.
HOW:
Fast Company - Cisco's forecast for profit in the current quarter exceeded analysts' expectations.
Fast Company - Corporate earnings have shown that the market is AI-led, with impacts broadening across various sectors.
(UPDATED May 14, 2026 21:30 UTC)
Cisco has reported a strong third-quarter revenue of $15.84 billion, which is a 12% increase year-over-year and surpasses expectations of $15.56 billion. Looking ahead, the company is forecasting fourth-quarter revenue above estimates but also plans to cut nearly 4,000 jobs. In other news, Cerebras has successfully raised $5.55 billion in the largest IPO of the year, with shares set to begin trading on the Nasdaq later today, as President Xi has warned Trump about potential clashes over Taiwan if tensions are not managed carefully.
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(UPDATED May 14, 2026 19:36 UTC)
Cisco Systems saw a remarkable surge in its stock, jumping 15.5% after a strong earnings report that exceeded analysts' expectations, marking potentially its best day in nearly 15 years. Meanwhile, the Dow Jones Industrial Average climbed 386 points, reaching above the 50,000 level for the first time since the war with Iran began, and the S&P 500 also added 0.9% to its all-time high, driven by robust demand for AI technology. In a separate meeting in Beijing, President Xi of China and Trump discussed various topics as Cerebras Systems announced a significant $5.55 billion initial public offering, noted as the year’s biggest.