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AMD (AMD.O): Just achieved a new milestone: a precise 35-qubit quantum simulation was achieved on a single AMD Instinct MI355X GPU running Qibo, setting a new record for the largest single-GPU computation by AMD hardware to date.
Cisco (CSCO.O) shares rose 13% in after-hours trading after the company released its earnings report.
According to the Financial Times, UK regulators are pushing private lending firms to disclose more data.
Cisco (CSCO.O) reported an adjusted gross margin of 66.0% for the third quarter of 2026, compared to market expectations of 66.2%. The company projects an adjusted gross margin of 65.5% to 66.5% for the fourth quarter, compared to market expectations of 66.6%. Remaining compliance obligations for the third quarter were $43.46 billion, compared to market expectations of $43.27 billion.
Cisco (CSCO.O) forecasts revenue of $62.8 billion to $63 billion for fiscal year 2026, and adjusted earnings per share of $4.27 to $4.29 for fiscal year 2026.
Cisco (CSCO.O): Raised its fiscal 2026 order forecast from $5 billion to $9 billion.
On May 14th, U.S. stocks closed lower. The Dow Jones Industrial Average initially closed down 0.1%, the S&P 500 rose 0.59%, and the Nasdaq Composite rose 1.2%, both hitting new closing highs. Micron Technology (MU.O) rose over 4%, Google (GOOG.O) rose nearly 4%, and Tesla (TSLA.O) and Nvidia (NVDA.O) both rose over 2%. The Nasdaq China Golden Dragon Index rose 3.9%, Baidu (BIDU.O) rose over 7%, and Alibaba (BABA.N) rose 8%.
Chairman of the U.S. Commodity Futures Trading Commission (CFTC): Congratulations to Warsh on his confirmation as our next Federal Reserve Chairman. I look forward to working together to ensure that the United States continues to maintain its global leadership in the financial sector.
On May 14th, U.S. Vice President Vance stated on Wednesday, "Regarding negotiations with Iran, I believe progress is being made. The focus is currently on diplomatic means, and I spoke this morning with Special Envoys Witkov and Kushner. The fundamental issue in the negotiations right now is whether we can make enough progress to meet the red line set by Trump. This red line is very simple. He needs to be convinced that we have sufficient safeguards in place to ensure that Iran will never possess nuclear weapons." Regarding the previously released CPI data, Vance said, "Last month's inflation data was not ideal. The President, I, and the entire team are concerned about the financial situation of the American people."
US Vice President Vance: The fundamental issue in the negotiations right now is whether we can make enough progress to meet Trump's red line. That red line is very simple. He needs to be convinced that we have sufficient safeguards in place to ensure that Iran will never possess nuclear weapons.
Brazilian Minister of Energy, Silvera, called on distributors and gas stations to expedite the communication of the federal government's measures to consumers.
US CDC officials: The risk of Hantavirus to the American public remains low.
The New York Fed: The trading desk plans to add approximately $10 billion in reserve management purchases between May 14 and June 11.
The New York Federal Reserve: The trading desk plans to conduct approximately $16.3 billion in reinvested bond purchases from May 14 to June 11.
U.S. CDC officials say that more than 100 staff members are currently involved in the Hantavirus response.
Hang Seng Index futures closed up 1.92% at 26,799 points in overnight trading, a premium of 411 points.
European Central Bank Chief Economist Lane: Wage negotiations have not yet responded to rising energy prices.
ECB Chief Economist Lane: Demand destruction channels limit the necessary adjustments to monetary policy, while fiscal expansion does the opposite.
ECB Chief Economist Lane: Business and news indicators suggest that the current energy shock is unfolding in an environment of weak demand support.
European Central Bank Chief Economist Lane: The spread of the Iranian shock may be more limited than in 2022, but its intensity and speed will exceed the historical average.
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Apr 20, 2023 13:54