$CSCO

Nebius Group (NBIS), Cisco Systems (CSCO), and Sellas Life Sciences Group (SLS) hit 52-week highs. Nebius reported Q1 revenue of $399M, up 684% YoY, and raised 2026 ARR guidance to $7B-$9B, plus access to up to 1.2 GW power for an AI facility. Cisco raised AI infrastructure order forecast to about $9B and reported Q3 revenue of $15.8B. SLS said its Phase 3 REGAL AML study is nearing a final event threshold and reported $107M+ cash.

Reuters reports the S&P 500 hit its first all-time closing high in two months, rising 5.75% over four sessions, led by tech and semiconductor shares. The next catalyst is the July CPI report due Wednesday, with Reuters-compiled forecasts of 3.4% YoY CPI and 2.5% core. Markets price a 44% September rate hike chance after a weak jobs report. Oil and Treasury yields also factor in.

An earnings week preview highlights major upcoming reports and macro data. Berkshire Hathaway, Barrick Gold, Supermicro, CoreWeave, On Holding, Sea Limited, Venture Global, CPI, Nebius, Cisco, JD.com, Applied Materials, and nuclear power firms Fermi America and X-Energy are cited. Key investor focus includes AI capex-to-revenue signals, CPI core inflation for rate expectations, and gold and LNG supply themes.

Cisco Systems raised its expected AI infrastructure orders from hyperscalers for fiscal 2026 to $9 billion, up from $5 billion, after booking $1.9 billion in the fiscal third quarter and $5.3 billion year to date. Cisco reported record $15.8 billion revenue (+12%) and non-GAAP EPS $1.06 (+10%). It expects about $4 billion of AI infrastructure revenue from these orders and guided FY2026 adjusted EPS $4.27-$4.29.

Ahead of next week’s U.S. CPI and related data, Wall Street’s record-setting rally in the S&P 500 is expected to be tested by inflation prints that could influence Federal Reserve rate expectations. A Reuters poll projects CPI up 3.4% y/y and core CPI up 2.5%. Markets price nearly a 60% chance of a September hike. The article also flags upcoming earnings sensitivity for Applied Materials, Cisco, and CoreWeave.

The article says AI market sentiment is deteriorating as infrastructure spending outpaces enterprise AI revenue, citing Bank of America survey data. It highlights stock moves: Nvidia fell after reports on OpenAI data-center lease financing; SK Hynix dropped despite record revenue; SpaceX slid 14% ahead of a $101B share unlock. It urges investors to differentiate within AI, scrutinize balance sheets, and expect earnings-date volatility.

Simply Wall St says Cisco (CSCO) is embedding AI security and compliance into its networking and Webex collaboration offerings. It cites Tech Mahindra’s partnership for an AI-driven Security Service Edge platform and Intrado’s integration of Emergency Routing Service with Cisco-managed Webex Calling for E911 compliance. The article also projects Cisco revenue of $77.0B and earnings of $18.4B by 2029.

The article says Cisco Systems (CSCO) has risen about 60% year to date, outperforming the FTSE 100. It attributes the move to AI-related networking demand, including Splunk acquisitions and AI-optimized solutions. Cisco reported Q3 revenue up 12% to $15.8bn, networking orders up over 50%, and raised full-year AI order expectations from $5bn to $9bn.

Cisco released a security hardening update for Cisco IOS XE Software, patching multiple critical vulnerabilities, including CVE-2026-20272 (CVSS 9.8) and CVE-2026-20267 (CVSS 9.0). Cisco said it is not aware of public exploitation. Affected releases include 17.9, 17.12, 17.15, 17.18, and 26.1; first fixed versions are 17.9.10, 17.12.8, 17.15.6, 17.18.4/4a, and 26.1.2.

Investorideas.com reports deVere Group CEO Nigel Green says AI stocks are seeing sharper splits in 2026 as investors question whether demand or financing drives results. It cites gaps between $400B infrastructure spend and ~$100B enterprise AI revenue, a Bank of America survey on bubble risk, and moves in Nvidia, SK Hynix, and SpaceX.