Business & Markets — August 13, 2026

Cisco posts record results on AI demand. Cisco reported an 18% revenue increase and issued a strong fiscal 2027 forecast on AI networking demand. But shares retreated after the report.

MarketWatch characterized the quarter as evidence of an AI "supercycle" driving orders for the company's networking equipment, which connects the data centers underpinning artificial intelligence workloads. The pullback in the stock despite the beat and the raised long-term outlook suggests investors had already priced in much of the upside, a pattern that has followed several AI-linked earnings reports. The fiscal 2027 guidance signals management expects the demand wave to extend well beyond the current year.

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CoreWeave revenue doubles, debt climbs. The AI cloud provider's revenue doubled as compute demand becomes continuous, but its debt reached $35.6 billion as spending continues.

The Register describes the company as an AI "neocloud," a category of providers built specifically to rent out graphics-processing capacity for artificial intelligence workloads. Executives say customer demand for that compute is shifting from bursts to a steady, ongoing need, which supports recurring revenue but also requires sustained capital outlays. The borrowing that funds those data center buildouts is growing alongside sales, leaving the company's trajectory tied to whether AI demand remains durable enough to service the obligations.

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Tesla proposes Texas solar factory. Tesla proposed a $10.1 billion solar panel factory in Texas that could begin operating by early 2029, contingent on the state helping defray costs.

According to TechCrunch, the project fits Elon Musk's push to exceed existing U.S. panel manufacturing capacity, positioning the company to produce solar hardware domestically at a scale the current industry does not match. The plan is not finalized: it hinges on Texas agreeing to offset a portion of the cost, likely through incentives, before construction proceeds. If the state signs on, production would still be several years away, with operations targeted for early 2029.

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