WS #7226
No material new developments in the last 30 minutes. The dominant narrative remains Cisco's blockbuster earnings and guidance raise, with no counter-signals or de-escalation events detected. All other signals are stale or noise.
Key developments
- Cisco crushes Q3 estimates, raises guidance, announces restructuring to boost AI investments; stock pops 11% after hours
- Hapag-Lloyd CEO: Strait of Hormuz crisis costs company $50-60M weekly
- Microsoft explored acquisition of Cursor, discussed deal with AI startup Inception; exploring AI startup deals for life after OpenAI
- AI chipmaker Cerebras expects to price IPO at $185 per share
- STAAR Surgical reports massive earnings beat: Non-GAAP EPS $0.48 vs $0.40 est, revenue $93.5M vs $78.72M est
- Lulus Fashion Lounge misses badly: Q1 EPS $(1.44) vs $(0.12) est, revenue $57.5M vs $64.2M est
- S&P 500 and Nasdaq end at fresh records as investors add to tech and AI plays; Dow slips after hot PPI inflation reading