By Josh Kohn-Lindquist, The Motley Fool
Publication Date: 2026-05-14 21:24:00
The S&P 500 (SNPINDEX:^GSPC) rose 0.78% to 7,502.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.88% to 26,635.22, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.75% to 50,063.45, as the S&P 500 and Nasdaq notched record closes on AI-fueled strength.
Market movers
Cisco Systems jumped more than 10% after an earnings beat, powering gains across the networking industry and Dow components. Partially thanks to Cisco’s success today — and the fact that the company announced its AI infrastructure solutions order book grew from $5 billion to $9 billion — fellow networking juggernaut Broadcom climbed about 5% to a 52-week high.
Meanwhile, newly public Cerebras Systems nearly doubled from its IPO price, though software names such as Palantir saw profit-taking.
What this means for investors
While Cisco’s earnings reinforced that the AI revolution remains alive and well, it was newcomer Cerebras Systems’ market debut that stole the show…