ATLAS News · Technology
CNBC reports Cerebras topped revenue expectations and announced a Microsoft deal, while Cisco beat on earnings and expects AI infrastructure revenue to double.
CNBC reports that Cerebras Systems beat expectations on quarterly revenue and announced a deal with Microsoft. According to the outlet, the shares jumped 17% following the news.
CNBC also reports that Cisco Systems beat on earnings and said its AI infrastructure revenue will double this fiscal year.
Investor's Business Daily, in its market coverage, says stocks weathered news involving Nvidia, and it lists Arista Networks, Five Below and Cloudflare as names in focus.
Cisco and Arista Networks both sell networking equipment, and demand for AI computing has become a major theme for companies in this area of the technology sector.
The results and guidance from Cerebras and Cisco show how AI infrastructure spending is feeding into the reported numbers of companies across the tech sector.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
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Technology · NASDAQ
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Technology · NYSE
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Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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