WS #14005
Cisco drops on margin guidance, SanDisk surges on contracted revenue, Cerebras falls on stable backlog, OpenAI exec departures and Anthropic $2T IPO talk dominate AI narrative. July PPI flat m/m (below +0.2% expected) and CPI cooling to 3.4% y/y boost Fed hold expectations, driving Treasury yields down and stocks to record highs.
Tech Earnings and AI Infrastructure
Cisco drops on margin guidance, SanDisk surges on contracted revenue, Cerebras falls on stable backlog, OpenAI exec departures and Anthropic $2T IPO talk dominate AI narrative.
July PPI flat m/m (below +0.2% expected) and CPI cooling to 3.4% y/y boost Fed hold expectations, driving Treasury yields down and stocks to record highs.