Cisco Systems beat fiscal Q2 earnings and revenue estimates but saw its stock slip after issuing forward guidance that merely met Wall Street expectations, highlighting the increasingly demanding bar technology companies face during the AI infrastructure boom.
Lenovo posted Q3 revenue of $22.2 billion, up 18% year-over-year, driven by anticipatory PC purchases ahead of memory price hikes and surging AI server demand, though net income fell 21% to $546 million amid margin pressures from its infrastructure expansion.
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