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How Cisco’s Earnings Beat and AI Mania Drove a Tech Rally — Market Wrap May 14
Today's AI insights from 7horns.ai highlight a standout 16% surge in Cisco shares after crushing Q3 earnings, fueling a broad tech rally. The Nasdaq and other tech giants followed suit, with Google climbing nearly 4% on sustained AI enthusiasm and Nvidia rising over 2% amid semiconductor momentum. Smaller semiconductor firms like Tower Semiconductor and Applied Optoelectronics soared 22% and 18% respectively, riding the AI infrastructure wave. Despite hotter-than-expected wholesale inflation data, markets focused on the robust earnings and AI-driven optimism. Meanwhile, Asian markets showed…
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