Editorial companion

What stands out

Bloomberg’s Stock Movers led with Cerebras and StubHub, but the clearest takeaways were Cisco and Tapestry reacting to earnings and forward guidance; Cisco’s AI revenue forecast pulled the stock lower even after beating sales and profit estimates, and Tapestry moved as investors chewed on its quarterly results. Those are two very different beasts: one an enterprise bellwether trying to translate AI demand into recurring growth, the other a consumer brand where margins and inventory cadence decide the narrative. The episode highlights how markets are parsing guidance more than headlines right now.