TLDR
- Nvidia gets U.S. clearance for H200 chip sales to around 10 Chinese firms, but no shipments have happened yet
- Cisco beats Q3 earnings, raises its full-year revenue forecast, and reports $5.3 billion in AI orders this fiscal year
- Cerebras prices its IPO at $185 per share, raising $5.55 billion in the largest U.S. IPO of 2026
- AST SpaceMobile rises after AT&T, T-Mobile, and Verizon announce a satellite joint venture
- Ondas Holdings reports Q1 2026 revenue growth of over 1,000% year over year
Nvidia H200 Chips Cleared for Select Chinese Buyers
Reuters reported that the U.S. government cleared around 10 Chinese companies to purchase Nvidia’s H200 AI chips.
The list reportedly includes Alibaba, Tencent, ByteDance, and JD.com.
No shipments have taken place yet. Export restrictions, U.S. conditions, and China’s hesitation over relying on foreign chip technology are all holding things up.
China has historically been a key market for Nvidia’s AI chips. Any sign of renewed access tends to shift investor sentiment quickly.
Nvidia CEO Jensen Huang is reportedly pushing for progress on this during ongoing U.S.-China trade talks. Whether Nvidia can recover meaningful China market share without triggering new restrictions remains the key question.
Cisco Beats Earnings and Raises Full-Year Outlook
Cisco reported third-quarter revenue of $15.84 billion, ahead of analyst expectations.
The company raised its full-year revenue forecast to between $62.8 billion and $63 billion, up from a prior range of $61.2 billion to $61.7 billion.
Cisco said it has taken $5.3 billion in AI infrastructure orders so far this fiscal year and now expects to reach $9 billion by year end.
Networking product orders rose more than 50% year over year. Data-center switching orders climbed more than 40%.
Cisco also announced plans to cut nearly 4,000 jobs as it redirects resources toward AI, silicon, optics, and security. Investors focused on the order growth rather than the cuts, sending the stock higher.
Cerebras Prices IPO at $185, Raises $5.55 Billion
Cerebras Systems priced its U.S. IPO at $185 per share, raising $5.55 billion by selling 30 million shares.
That makes it the largest U.S. IPO of 2026 so far. The deal valued Cerebras at roughly $56.43 billion on a fully diluted basis.
Investor demand reportedly exceeded available shares by more than 20 times. Cerebras makes specialized chips for AI model deployment and is seen by some as a potential rival to Nvidia.
AST SpaceMobile Gains on Carrier Satellite Joint Venture
AST SpaceMobile moved higher after welcoming a proposed satellite joint venture between AT&T, T-Mobile, and Verizon.
The three carriers are developing satellite-based direct-to-device technology to extend mobile coverage and reduce dead zones across the U.S.
The announcement fits directly with AST SpaceMobile’s satellite-to-phone business model. Investors are watching launch timelines, telecom partnerships, and revenue targets.
Ondas Holdings Posts Over 1,000% Revenue Growth
Ondas Holdings reported Q1 2026 revenue of $50.1 million, up more than 1,000% year over year.
Growth was driven by acquisitions, global expansion, and demand across its autonomous systems and private wireless divisions.
The company reported a backlog of $457 million and raised its 2026 revenue target to at least $390 million. Ondas operates across drones, defense, autonomous systems, and industrial wireless networks.
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