CISCO SYSTEMS
US stocks face volatile week as AI selloff, inflation data and tech earnings loom
US stocks face a volatile week as investors brace for October CPI inflation data and key tech earnings following a sharp AI-led selloff. Regulatory concerns post-US midterms, alongside Fed rate hike expectations, have pushed the Nasdaq into correction territory despite the S&P 500 maintaining gains for 2026.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones look to start in positive, check factors that will drive Wall Street
US Stock market investors will keep close eyes on Dow Jones as S&P 500, Nasdaq must continue the momentum.
Ex-Cisco CEO John Morgridge & wife offered University of Wisconsin $100 million in 2014; 7 months later, their fundraising challenge brought in nearly $250 million.
John and Tashia Morgridge initiated a $100 million fundraising challenge for the University of Wisconsin–Madison. They successfully matched donations, resulting in a total of $250 million raised for faculty retention. University leaders were surprised by the rapid response from over 1000 alumni and supporters who contributed. Tashia Morgridge has been involved with the School of Education and supports future teachers.
Nvidia launches OpenShell Reference Architecture to contain AI agents
Nvidia said this architecture combines computing hardware, software and security tools to keep agents within defined boundaries aiming to address a part of the problem.
ETtech Explainer: How a flaw in PHP, the code behind 70% of websites, sent governments offline
Since PHP powers 70% of the world’s websites, the vulnerabilities can allow unauthenticated attackers to execute code on affected servers or read sensitive process memory, which may contain passwords, authentication tokens, API keys and certificates belonging to other requests or the server itself, as per Wiz Research.
AI to create many winners as large companies lead funding: Cisco CEO Chuck Robbins
In an interview with Subhayan Chakraborty and Surabhi Agarwal, Robbins, who is on an India visit, said artificial intelligence will be bigger than the internet and that it's being driven by large companies with strong balance sheets, but warned that many startups and capital could disappear.
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Flipkart’s marketplace revenue falls; Wipro Q2 profit takes a hit
Flipkart’s marketplace business sees revenue decline as losses widen. This and more in today’s ETtech Top 5.
You can't slow down AI, instead focus should be on strengthening security, defences: Cisco CEO
Chuck Robbins, the CEO of Cisco, asserts that any attempts to decelerate advancements in AI will probably be futile. He emphasizes the urgent need for robust security protocols that keep pace with the rapid evolution of AI technology. While advocating for thoughtful regulations, Robbins cautions against practices that could stifle innovation.
India eyes reduced critical tech dependence over next 20-25 years: Ashwini Vaishnaw
India is planning over a 20-25 year horizon to reduce critical technology dependencies and strengthen its ability to withstand global disruptions, Union Minister Ashwini Vaishnaw said, emphasising that the country aims to become a trusted partner across global technology supply chains rather than pursue complete self-sufficiency.
NVIDIA opens AI data centre designs as it pushes for industry-wide standards
NVIDIA is collaborating with Google, Meta, AMD, and Cisco to set standards for AI data centres. This partnership aims to create common blueprints for building next-generation infrastructure in AI. They introduced the Vera Rubin rack and MGX architecture to support intensive power needs. Additionally, new specifications were published to ensure grid resilience in design requirements.
Gnani AI launches Ascent partner programme to scale sovereign AI across enterprises
Gnani AI has introduced the Ascent programme to assist enterprises in scaling sovereign AI across their operations. This initiative connects a variety of partners including technology firms and systems integrators for effective deployment. Ascent builds upon Gnani AI's sovereign AI stack, which supports multiple industry-specific applications.
CScale raises $145 million for AI networking, with backing from Nvidia and Intel
The Silicon Valley startup, backed by Nvidia and Intel, is developing technology to replace copper links inside AI data-centre servers with fibre-optic connections and plans to ship its chips by 2028.
Where Does China Fit in Your Company’s Innovation Strategy?
For decades, multinationals treated China primarily as either a vast growth market or a rising competitive threat. But as growth slows, competition intensifies, and operating conditions become more difficult, many firms are rethinking China’s role. Increasingly, they are using the country not just as a destination market but as a platform for accelerating innovation—leveraging its fast-moving regulatory environment, tightly integrated R&D and manufacturing ecosystems, and deep engineering talent pools to speed learning, validate technologies, and scale capabilities globally. Companies including Pfizer, Michelin, BMW, Bosch, and Nvidia illustrate how firms are using China to shorten innovation cycles while managing geopolitical and operational risks by defining China’s precise role within their global innovation system, designing for controlled knowledge-sharing, and avoiding overdependence through diversified R&D and supply chains.
96% Indian firms hit by cyber incidents in past year; internal silos major hurdle: Cisco report
The study highlighted that internal organisational friction - including bureaucratic approval delays, fragmented data, and disconnected teams - represents a greater impediment to strengthening cyber defences than technological limitations.
U.S. Midterm elections 2026: Whopping $14,000 television advertisement featuring Donald Trump hogs limelight, video goes viral. Watch here
U.S Midterm Elections 2026 advertisement does not say who voters should support in the midterms, but it meshes with campaign messaging from Trump and other Republicans, particularly during the party's unusual convention in Dallas earlier this month.
Expert calls for human accountability in AI-led banking at Global Fintech Fest
"AI can automate decisions; but accountability cannot be automated," Krishnakumar said.
UAE revises AI data center plan after Iranian attacks, sources say
In light of recent attacks linked to Iran, the UAE is re-evaluating its extensive AI data center project. Officials are contemplating distributing facilities nationwide and incorporating enhanced security measures. Collaborations with prominent US tech companies like Nvidia and OpenAI will remain pivotal. Despite these adjustments, progress on the initial project phase proceeds with necessary security upgrades in place.
AI chip startup Positron's valuation skyrockets in latest funding round
The rapidly growing AI inference market, focused on running trained AI models, has become a key battleground as companies develop specialized processors to challenge Nvidia's dominance.
US stocks: Cerebras slumps 12% as mixed quarterly results test AI growth narrative
Cerebras Systems experienced a notable drop in its shares after falling short of key financial projections. Although its cloud revenue saw a remarkable increase, hardware sales faced a downturn, sparking concerns regarding the competitive edge of its AI chip sector. Analysts pointed out difficulties in scaling operations effectively to satisfy demand. Similarly, Cisco Systems' stock also took a hit due to an outlook that did not meet expectations.
Cisco beats earnings expectations as AI spurs networking gear demand
Shares of the computer networking equipment maker were down 1.4% in extended trading after the company forecast annual revenue broadly in line with estimates.
Cisco lowers annual forecasts on slowdown in new orders
The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push into software offerings like cybersecurity.
Cisco to manufacture from India in diversification move
Cisco sells a range of networking equipment and software to connect devices to the internet.
US court spikes caste bias case against Cisco employees
While the CRD has voluntarily sought the dismissal of the case against the two Indian-American employees of Cisco, it is still processing the case against the US-based tech company. The reason for the CRD’s move wasn’t immediately known.
Cisco forecast raise allays tech spending fears, lifts shares
The maker of routers and other products that run computer networks and the internet said customers were keeping investments steady in systems related to cloud, artificial intelligence and tools for hybrid work.
Cisco renews lease pact for over 2.7-million-sq-ft office space in Bangalore
San Jose-headquartered company has entered into an agreement with the Blackstone Group-entity Nucleus Office Parks to renew the lease at its Cessna Business Parks at Outer Ring Road in Bangalore.
Emerging markets boost Cisco Q1 profit by 33% to $2.4 billion
Network equipment maker Cisco Systems Inc's quarterly revenue rose 3.6 percent as demand rose for its high-end switching equipment and data center services.
I would not change commitment to India, says Cisco Chairman John Chambers
Chambers has bet on a few new businesses, and nothing is more critical than the Internet of Things.
Digitisation, telecom investment to drive India growth: Cisco Capital
As much as 60% of the infrastructure deployed in India’s telecom network and a big chunk of equipment used by cable operators are based on Cisco Systems’ technology.
Cisco CEO John Chambers names possible successors in retirement plan
Chambers named some managers he & the board think of as possible successors when he retires, a move that may come in 2-4 years.
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