Angela Palumbo

Cisco’s first-quarter financials were a sign that the networking company is benefiting from other tech players spending big on generative artificial intelligence. Cisco Systems reported first-quarter earnings and revenue that beat Wall Street estimates after the stock market closed on Wednesday. The networking company also said that its product orders were up 20% from the previous year.

Apple’s gross margin could potentially be negatively impacted between 3% to 6.7% because of tariffs, one analyst wrote.

A deadline is fast approaching for the company to file or submit a plan to the Nasdaq Stock Exchange.

Warner Bros. and the NBA have reached an agreement that will extend their media partnership an additional 11 years.

Options markets now imply Super Micro shares will move about 14% up or down as of midday trading on Tuesday.

Snowflake stock has fallen by about $100 this year. Analysts surveyed by FactSet expect the software company to post earnings of 15 cents a share on revenue of $899 million in the third quarter. Earlier this month, Palantir Technologies and Cisco Systems both reported better-than-expected financials for their latest quarters and increased their respective outlooks for the year, citing strong AI technology demand.

Nvidia stock has soared 195% this year as investors snatch up shares of the semiconductor company that gets the most love on Wall Street. History shows that Nvidia stock tends to rise after the company reports its financials. Since 2014, shares of the chip maker have risen an average of 3.8% the day after earnings, 4.8% the week after, and 6.8% the month after, according to Dow Jones Market Data.

Snowflake stock soared late Wednesday after the software company reported quarterly results that flew past Wall Street’s estimates. Snowflake posted third-quarter adjusted earnings of 20 cents a share on revenue of $942.1 million. Analysts surveyed by FactSet were expecting earnings of 15 cents a share on revenue of $899 million.

Snowflake stock was rising Thursday after a strong earnings report, while Nvidia stock was in the red.

Snowflake stock was rising Thursday after a strong earnings report, while Nvidia stock was in the red.