On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Doximity (DOCS) shares slump. The healthcare software firm gave a full-year forecast that was weaker than expected, with AI investments pressuring the company’s earnings. KeyBanc Capital Markets analyst Scott Schoenhaus (cut to sector weight from overweight)
- Nvidia (NVDA) shares gain ahead of earnings next week. Nvidia CEO Jensen Huang tells reporters in Beijing that meetings with tech CEOs "went excellent.”

Figma Rises, Cerebras Roars After Year's Biggest IPO, Cisco Jumps Most Since 2011
04:09

Closing Bell: Cerebras Soars, Cisco Climbs, Boeing Drops on Smaller China Order
08:00

Cisco Soars, Ford Climbs, Regenxbio Sinks
04:08