Keep pulling the thread on Andrew Feldman.
Cisco shares rose as much as 17% after its earnings results, putting the company on track for its best day since 2002.
Cisco raised its forecast for hyperscaler demand in calendar year 2026 to $9 billion, up from a previous forecast of $5 billion.
Cisco expects $4 billion of its forecasted hyperscaler orders to translate into revenue in the current year.
Cisco is cutting approximately 4,000 roles as part of a strategic realignment toward AI.
Cerebras raised $5.55 billion in its US IPO after pricing its shares at $185 each, making it the largest US IPO of the year so far.
The Cerebras IPO was more than 25 times oversubscribed at both institutional and retail levels.
Chinese President Xi Jinping pledged to President Trump that China would not supply Iran with any weapons.
Chinese President Xi Jinping threatened that the issue of Taiwan could derail the relationship between the United States and China.
The Cerebras IPO is the largest semiconductor IPO in history.
Cerebras recently announced a deal with OpenAI valued at over $20 billion for 750 megawatts of compute power.
Cerebras has a major engagement with Amazon Web Services to deploy its equipment in AWS data centers.
Cerebras claims its inference hardware is 15 times faster than its nearest competitor.