By Thomas Richmond
Publication Date: 2026-05-15 16:41:00
Quick Read
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The AI trade is splitting between stocks like Cisco, where investors have positioned aggressively on future earnings, versus Intel, where a potential Apple manufacturing deal could change the company’s long-term position in the semiconductor ecosystem.
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Cisco reported Q2 FY2026 revenue of $15.35B with networking revenue rising 21% year over year and AI infrastructure orders reaching $2.1B.
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Intel jumped 15% intraday on reports of a preliminary chip manufacturing agreement with Apple, pushing the stock up 113% over the past month and nearly 500% in the past year.
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The analyst who called NVIDIA in 2010 just named his top 10 stocks and Apple wasn’t one of them. Get them here FREE.
Friday’s CNBC Halftime Report on May 8 featured two very different AI market stories unfolding at the same time. One centered on growing optimism around Cisco Systems (NASDAQ:CSCO) ahead of earnings, while the other exploded mid-segment as Intel (NASDAQ:INTC) jumped double…
