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via finance.yahoo.comMarkets

Cerebras soars on sales, Cisco down on expectations miss, Applied Materials higher

FROM THE WIRE · FINANCE.YAHOO.COM

On this episode of Stock Movers:- Shares of Cerebras Systems (CBRS) soared ahead of the US market open after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. A key investor concern is a rollout delay in the firm's…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTech stock moves on diverging results and guidance, with a mixed sector impact.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cerebras rises after sales guidance well above estimates and new deals with Oracle and Microsoft.
  2. 02Cisco falls despite a 21% rise in product orders in fiscal first quarter.
  3. 03Applied Materials rises after fourth-quarter results beat expectations.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Cerebras Systems Inc.CBRSStock105.60 USD+0.84%today +8.03%Positive Cisco Systems, Inc.CSCOStock96.13 USD+0.19%today -5.76%Negative Applied Materials, Inc.AMATStock359.99 USD+0.62%today -5.50%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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