Cisco, Cerebras Shares Fall as S&P 500 Earnings Growth Reaches 50%
Updated
Updated · Yahoo Finance · Aug 12
Cisco, Cerebras Shares Fall as S&P 500 Earnings Growth Reaches 50%
3 articles · Updated · Yahoo Finance · Aug 12
Summary
Cisco and Cerebras shares fell even as their latest earnings reinforced strong demand tied to the AI buildout.
Nearly 90% of S&P 500 companies have reported, and FactSet data show second-quarter earnings are on pace to rise 50% from a year earlier—the fastest growth since 2021.
Bank of America strategists said AI has been the main engine of that broad-based profit surge, underscoring the disconnect between upbeat demand signals and the two stocks' declines.
CoreWeave, Supermicro and Applied Materials report later this week, making them the next key test of whether AI-driven earnings strength can keep supporting valuations.