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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 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 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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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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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.
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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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TSMC Reports 44.7% Revenue Surge Driven by AI Chip Demand

TSMC Reports 44.7% Revenue Surge Driven by AI Chip Demand

TSMC Reports 44.7% Revenue Surge Driven by AI Chip Demand
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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
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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.
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CoreWeave beats quarterly revenue estimates as AI cloud demand surges

CoreWeave beats quarterly revenue estimates as AI cloud demand surges

Aug 11 (Reuters) - CoreWeave topped Wall Street estimates for quarterly revenue on Tuesday and posted a smaller-than-expected loss, driven by strong demand for its AI cloud computing services, sending its shares nearly 10% higher in extended trading.
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Wall St muted as markets monitor Hormuz situation; data awaited

Wall St muted as markets monitor Hormuz situation; data awaited

By Avinash P and Purvi Agarwal Aug 10 (Reuters) - Wall Street's main indexes were subdued on Monday after a recent rally that took the S&P 500 and the Dow to record highs, as investors weighed Middle East developments that lifted oil, while awaiting crucial inflation data and earnings.
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Intel raises $20 billion from upsized share sale

Intel raises $20 billion from upsized share sale

By Anhata Rooprai Aug 11 (Reuters) - Intel raised $20 billion from an upsized share offering on Tuesday, as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts.