CPI hit 3.8%, Klarna turned profitable, and Cisco had its best day in years. Here is everything that mattered this week. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Cisco Surged 15%. Doximity Crashed 26%. The Dow Hit 50,000.
THIS WEEK'S NUMBERS
| +15%. Cisco reported record revenue of $15.8 billion Thursday. AI infrastructure orders from hyperscalers hit $5.3 billion year-to-date, already past its own full-year outlook. Six banks raised their price targets the next morning. |
| -26%. Doximity beat on revenue but guided for just 4% growth next year. The medical networking platform called it an "AI investment year." Wall Street cut the stock $5 billion in market cap in one day. |
| 50,000. The Dow crossed that level Thursday for the first time. Trump was in Beijing at a US-China trade summit. No formal deal, but tariffs stay paused through August. Markets took it as a win. |
| 3.8%. CPI came in hotter than expected Monday, the highest annual reading since May 2023. Oil spiked past $101 a barrel. Tech sold off hard before lunch. |
| $1 billion. Klarna posted its second straight $1 billion revenue quarter and turned profitable. The buy-now-pay-later company jumped 16%. It's still down 70% from its IPO price. |
THE BRIEF
Monday started with a gut punch. CPI hit 3.8%, the hottest annual reading in three years. Oil topped $101 a barrel. Tech stocks sold off before lunch. Wednesday night, Cisco flipped the entire week. Record revenue of $15.8 billion. AI infrastructure orders from big data centers hit $5.3 billion for the year, already past their own full-year target. The stock jumped 15% Thursday, its best single-day gain in years. By the afternoon, the Dow crossed 50,000. Trump was wrapping up a two-day summit in Beijing. No formal tariff deal, but the pause holds through August. Markets called it a win. Doximity didn't get the message. The medical platform beat on revenue but told investors to expect 4% growth next year and called it an "AI investment year." The stock lost 26%. Klarna posted its second straight $1 billion quarter and turned profitable for the first time. Stock popped 16%. Still down 70% from its IPO.
TOP STOCK FROM THE WEEK
 |
| Cisco (CSCO) |
| Nobody had Cisco on the radar going into this week. Then the company posted $15.8B in record revenue, revealed $5.3B in AI infrastructure orders year-to-date, and raised its full-year AI guidance to $9 billion. The stock jumped 15%. Bears say it's one good quarter. Bulls say $9B in contracted AI orders changes the math entirely. Read more. › |
|
|
No comments:
Post a Comment