latest news in companies
Dell Expands Enterprise Storage Reach Across North America
Round Rock, Thursday, 13 August 2026.
Dell Technologies authorized D&H Distributing to handle its complete enterprise storage portfolio across North America, positioning the tech titan to capture accelerating infrastructure demand and potential stock upside.
Battery X Metals Secures New Funding to Advance Critical Mineral Strategy
Vancouver, Thursday, 13 August 2026.
Battery X Metals has closed the second tranche of its private placement, bringing total funds raised to over C$713,000. Remarkably, its battery rebalancing technology has demonstrated a 99% capacity recovery.
New Partnership Allows Financial Advisors to Launch Their Own Investment Funds
Orlando, Thursday, 13 August 2026.
On August 13, 2026, Wealth Engineering partnered with ETF Create, offering financial advisors a turnkey platform to easily launch proprietary investment funds without developing costly internal infrastructure.
Private Lender Guarantees Full Commission Protection for Mortgage Brokers
Folsom, Thursday, 13 August 2026.
Silverback Capital has launched a broker network featuring strict commission protection and zero-down financing options, safeguarding independent mortgage professionals while streamlining deal closings across the United States.
Cisco Surpasses Earnings Expectations Driven by High Demand for Artificial Intelligence Infrastructure
San Jose, Thursday, 13 August 2026.
Cisco Systems reported record fourth-quarter revenue of $17.3 billion, propelled by $4 billion in artificial intelligence infrastructure orders, though lagging services revenue caused a brief 2% stock dip.
AI Chipmaker Cerebras Stock Drops 14% Despite Raising Full-Year Revenue Targets
Sunnyvale, Wednesday, 12 August 2026.
AI semiconductor firm Cerebras Systems saw its stock plummet 14% in extended trading following its August 11, 2026, second-quarter earnings report. Despite generating $210 million in core revenue—beating its original estimates—and raising its full-year revenue outlook to between $880 million and $890 million, investor sentiment turned negative over deep quarterly losses. The company posted a massive $450.5 million net loss, primarily driven by a single $386.6 million stock-based compensation charge stemming from its May IPO. While chief executive Andrew Feldman emphasized surging global demand for fast inference computing and improving operational efficiencies, market participants remain focused on gross margin pressures and heavy capital costs. Cerebras maintains major strategic momentum through a multi-billion-dollar inference deal with OpenAI and an upcoming next-generation processor release planned for later this year.