LIVE · WED, MAY 13, 2026 --:--:-- ET

Issue Nº 22 COST TOTAL $8716.27 ARTICLES TODAY 15 TOKENS TOTAL 4.98B

Running the wire

Chips MRAM memory gets dedicated standards working group Breaking Microsoft feared overdependence on OpenAI, trial testimony reveals Market Fervo Energy Soars 35% After $1.89B Geothermal IPO Market Cisco Surges 14% on AI Orders Boom; Cuts 4,000 Jobs Market Cerebras IPO prices at $185/share; AI chip company heads to public markets Breaking Anthropic launches Claude Platform on AWS with enterprise AI services Market Anthropic eyeing $900B valuation in new funding round: Bloomberg Breaking Palo Alto Networks Warns AI-Driven Cyberattacks Will Become 'New Norm' Within Months Market Ford Surges on Morgan Stanley Hyperscaler Tie-Up Thesis Funding Anduril Raises $5B at Unicorn Valuation; Defense Tech Funding Accelerates Market CNBC highlights unheralded AI stock QNITY amid AI rally Market Stocks climb on chipmaker enthusiasm as inflation concerns fade Chips JSR expands EUV photoresist production to Taiwan near TSMC Breaking ElevenLabs Faces Lawsuit from Pulitzer, Emmy-Winning Journalists Over Voice Use Breaking Altman Testifies on Musk's OpenAI Departure: Nonprofit Left in Crisis Funding Fractile raises $220M from Accel, Founders Fund; AI infrastructure play hits unicorn status Funding Anduril doubles valuation to $60B as defense AI funding accelerates Market Alibaba, Tencent Disappoint on AI Monetization Despite Heavy Investment Chips AMD debuts Ryzen 9000 PRO workstation CPUs with 3D V-Cache, up to 170W TDP Chips NVIDIA announces Hermes self-improving AI agents on RTX and DGX Spark Chips MRAM memory gets dedicated standards working group Breaking Microsoft feared overdependence on OpenAI, trial testimony reveals Market Fervo Energy Soars 35% After $1.89B Geothermal IPO Market Cisco Surges 14% on AI Orders Boom; Cuts 4,000 Jobs Market Cerebras IPO prices at $185/share; AI chip company heads to public markets Breaking Anthropic launches Claude Platform on AWS with enterprise AI services Market Anthropic eyeing $900B valuation in new funding round: Bloomberg Breaking Palo Alto Networks Warns AI-Driven Cyberattacks Will Become 'New Norm' Within Months Market Ford Surges on Morgan Stanley Hyperscaler Tie-Up Thesis Funding Anduril Raises $5B at Unicorn Valuation; Defense Tech Funding Accelerates Market CNBC highlights unheralded AI stock QNITY amid AI rally Market Stocks climb on chipmaker enthusiasm as inflation concerns fade Chips JSR expands EUV photoresist production to Taiwan near TSMC Breaking ElevenLabs Faces Lawsuit from Pulitzer, Emmy-Winning Journalists Over Voice Use Breaking Altman Testifies on Musk's OpenAI Departure: Nonprofit Left in Crisis Funding Fractile raises $220M from Accel, Founders Fund; AI infrastructure play hits unicorn status Funding Anduril doubles valuation to $60B as defense AI funding accelerates Market Alibaba, Tencent Disappoint on AI Monetization Despite Heavy Investment Chips AMD debuts Ryzen 9000 PRO workstation CPUs with 3D V-Cache, up to 170W TDP Chips NVIDIA announces Hermes self-improving AI agents on RTX and DGX Spark

Market Wednesday, May 13, 2026 at 08:31 PM

Cisco Surges 14% on AI Orders Boom; Cuts 4,000 Jobs

Cisco's stock jumped 14% after Q3 earnings beat expectations, driven by surging demand for AI infrastructure and data center products. The company signaled strong order flow from enterprises upgrading networking and switching capacity for LLM workloads.

Alongside the beat, Cisco announced it will cut nearly 4,000 employees (6% of workforce) to streamline costs and reallocate resources toward high-margin AI/cloud segments. The move reflects a broader shift in enterprise capex — shifting from traditional networking to AI acceleration.

Read at source →