Asian shares are mixed and Chinese stocks are lower as investors closely monitor takeaways from the summit between U.S. President Donald Trump and Chinese leader Xi Jinping

Cisco Systems helped lead the market after jumping 16.9%. The tech giant reported better profit and revenue for the latest quarter than analysts expected, and CEO Chuck Robbins said it saw “very strong, broad-based demand for our products.” Big Tech behemoths in particular are pouring cash into artificial-intelligence technology.

Prominent U.S. executives from Big Tech and other industries will join Trump on his trip to China, including Tesla CEO Elon Musk and Nvidia chief Jensen Huang, according to a White House official.

AI chipmaker Cerebras Systems secures $5.55B in the year’s largest IPO. Cisco announces layoffs with Q3 results. Netflix brings back fan favorites, more NFL games, and Quasimodo at Upfronts.

Alibaba (NYSE:BABA | BABA Price Prediction) just received twin price target hikes from two major firms, both landing on the same number. Barclays raised its price target to $195 from $186 while reiterating an Overweight rating,

The U.S. housing and construction sector may be entering its next major consolidation cycle, and Dream Finders Homes’

Nvidia (NASDAQ: NVDA) will report earnings after the market closes on May 20. On average, the Wall Street analysts covering the company expect it to have pulled in a cool $78.8 billion in sales in its fiscal 2027 first quarter -- up 77% from the same period last year.

Memory is the new oil of the AI economy, and Micron Technology (NASDAQ:MU | MU Price Prediction) has become its biggest beneficiary. The stock has run 124.41% year to date and a staggering 698.01% over the past year as hyperscalers scramble for HBM,

Banks are at odds with their longtime GOP allies — and themselves — over a landmark crypto bill.