By Thomas Richmond
Publication Date: 2026-05-15 16:41:00
Quick Read
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.
Cisco reported Q2 FY2026 revenue of $15.35B with networking revenue rising 21% year over year and AI infrastructure orders reaching $2.1B.
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.
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…
