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Applied Materials sees revenue above estimates, shares fall on high expectations

Applied Materials sees revenue above estimates, shares fall on high expectations

Aug 13 (Reuters) - Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.
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Cisco forecasts annual revenue above estimates on sustained AI spending

Cisco forecasts annual revenue above estimates on sustained AI spending

By Juby Babu Aug 12 (Reuters) - Cisco Systems forecast fiscal 2027 revenue above Wall Street expectations on Wednesday, signaling confidence that strong demand for its AI networking gear will continue to power growth.
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Cerebras shares plummet 16% after results fail to impress investors

Cerebras shares plummet 16% after results fail to impress investors

By Anhata Rooprai and Max A. Cherney Aug 12 (Reuters) - Cerebras Systems shares plunged roughly 16% in the extended session on Wednesday after the chip designer missed quarterly revenue expectations. The stock closed up 11.6% during regular trading and has gained 15.5% week-to-date.
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Cerebras raises annual targets on strong AI chip demand

Cerebras raises annual targets on strong AI chip demand

Aug 12 (Reuters) - Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services. Still, its shares were down more than 7% in extended trading.
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Cerebras slumps as mixed quarterly results test AI growth narrative

Cerebras slumps as mixed quarterly results test AI growth narrative

Aug 13 (Reuters) - Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.
TheStreet TheStreet
JPMorgan says Wall Street’s AI bet is finally paying off

JPMorgan says Wall Street’s AI bet is finally paying off

For much of the artificial intelligence boom, investors faced an uncomfortable trade-off. Big Tech continued to spend tens of billions of dollars on data centers, semiconductors, and cloud capacity as Wall Street waited for confirmation that investments would create enough income to justify the ...
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Wall St gains as AI earnings lift tech, inflation data supports rate-hold bets

Wall St gains as AI earnings lift tech, inflation data supports rate-hold bets

By Avinash P and Purvi Agarwal Aug 12 (Reuters) - Wall Street's main indexes rose on Wednesday, with the Nasdaq outperforming peers as upbeat earnings from AI infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced bets the Fed will hold interest rates steady.
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Jim Cramer Highlights Lam Research, KLA, and Applied Materials as Key Players in Chip Equipment Market

Jim Cramer Highlights Lam Research, KLA, and Applied Materials as Key Players in Chip Equipment Market

Jim Cramer Highlights Lam Research, KLA, and Applied Materials as Key Players in Chip Equipment Market
Trendline Trendline
Chip Equipment Stocks Surge Following Taiwan Semiconductor's Revenue Growth

Chip Equipment Stocks Surge Following Taiwan Semiconductor's Revenue Growth

Chip Equipment Stocks Surge Following Taiwan Semiconductor's Revenue Growth
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Wall Street ends down as expectations of Hormuz deal fade

Wall Street ends down as expectations of Hormuz deal fade

By Caroline Valetkevitch and Noel Randewich Aug 10 (Reuters) - The Nasdaq and S&P 500 closed lower on Monday, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz. U.S.
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Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

By Caroline Valetkevitch and Avinash P Aug 10 (Reuters) - U.S. stocks edged lower in afternoon trading on Monday as hopes for an imminent deal to reopen the Strait of Hormuz faded and as Intel shares fell. U.S.
TheStreet TheStreet
Nvidia's CEO just sent strong signal to stock market investors

Nvidia's CEO just sent strong signal to stock market investors

In early June 2026, AI and chip stocks lost roughly $1.3 trillion in combined market value in a matter of days. Investors who had been riding the AI wave suddenly started asking whether the trade had run too far ahead of reality. Nvidia shares had pulled back more than 15% from their May peak. ...