Cerebras Goes Public in Year's Biggest IPO
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What is the main topic discussed in this episode?
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This is Bloomberg Tech, coming up Cisco Share's jump the most since 2011. After the company's earnings results will break them down. Plus, China's Xi Jinping gives a warning to President Trump on Taiwan, but tells US tech CEOs China will open up more. And AI chipmaker Cerebrus raises $5.55 billion in its US IPO, seizing on the surging demand for semiconductors. By the CEO later this hour. Cisco is our top story and it is actually rising with the rest of the market. We're up 15%, on track for our biggest jump since 2011. After the open, we hit 17%, putting Cisco on track for its best day since 2002. It's a pretty simple story: hyperscaler demand. Calendar year 26, $9 billion. From a previous forecast of $5 billion.
$1 billion of that will translate into actual revenues, sales, on the income statement in this year. There are many more threads, but Cisco is finding its place in this AI infrastructure story. Let's get out to Bloomberg Equities reporter Ryan Vlaselica. I think, Ryan, the best place to start is what has the sell side reaction been to this? What are the analysts saying the main thread of their enthusiasm for Cisco has been this morning.
Analysts are very positive and very optimistic that Cisco will be able to continue kind of putting up these numbers that we saw this past quarter. There is a lot of optimism that Cisco is now really part of the AI infrastructure firmament. It showed very strong demand, as you said, from the hyperscalers. It's pointing to very strong growth going forward. I think there's been a growing realization this year. That the sort of optical and networking companies are a huge part of the whole data center build-out. And obviously, we have seen no end of demand and growth for data centers related to AI. And Cisco's really well positioned in that. It's a legacy company, it has a wide uh product suite that people are using here.
It seems very well positioned, and it does seem like analysts are really sort of um Very You know, seeing additional confirmation of this trend.
Ryan, there's so much to pack into Bloomberg Tech today. People were saying, why are you starting on Cisco? The markets team is looking at the the equities market widely, and Cisco is a big factor in kind of the feel-good that's out there. Networking is your cables, your switches, your routers. That all goes into real data centers, right? But the other part of the story is Cisco's discipline. They're cutting about 4,000 rolls. How did the company kind of spin that as a positive in that that sort of feel good around AI in the market today?
Well, they talked about how they are really focusing and prioritizing AI. You mentioned the job cuts. It does seem like all of their investments are really geared toward this in-market in particular. So there is a lot of optimism about that. And I would just say, as I'm sure you remember, Cisco was one of the major companies of the dot-com era build-out.
Why did Cisco shares jump the most since 2011 after earnings?
Now it saw huge growth at that time, and it only recently surpassed its dot-com era highs. certain amount of poetic justice I guess and the fact that AI is a thing that is finally bringing it back to record levels. It does seem like it is now becoming a real part of this technology build-out, just as it was in the internet tech build out.
Ryan, you and I were not doing this in the dot com era, but in the here and now, Cisco is a big story.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:01–3:56
2
Why did Cisco shares jump the most since 2011 after earnings?
3:56–8:20
3
What are analysts saying about Cisco’s AI‑infrastructure outlook?
8:20–15:12
4
How is Cisco positioning itself for the AI data‑center boom?
15:12–23:30
5
What makes Cerebras’s AI‑chip supercomputer different from traditional GPUs?
23:30–36:11
6
What did President Xi warn President Trump about Taiwan and how did tech CEOs react?
36:11–46:32
Speakers
11 identifiedMore from Bloomberg Tech
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