Closing Bell: Cerebras Soars, Cisco Climbs, Boeing Drops on Smaller China Order

Today's biggest winners and losers in the stock market.On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- Cerebras Systems (CBRS) shares jumped 75% in its trading debut after raising $5.5 billion in the year’s largest IPO, illustrating investors’ surging appetite for artificial intelligence data centers and the chips running them.- Cisco Systems (CSCO) shares soar as much as 17%, in biggest intraday jump since August 2011, extending gains for a sixth consecutive session, after the networking-equipment company reported third-quarter results that beat expectations and raised its full-year forecast. It also announced job cuts as it focuses more on AI. Analysts are positive about the company’s accelerating growth rate.- Boeing (BA) shares fell as much as 5.4% after President Trump unveiled a smaller China aircraft order. China agreed to buy 200 Boeing planes, President Donald Trump said, in a multibillion-dollar deal that would mark the nation’s first purchase of US-made commercial jets in nearly a decade. But Trump’s announcement, fell short of the 500 737 Max and widebody aircraft Chinese airlines were expected to buy at the upper extreme of a landmark deal.See omnystudio.com/listener for privacy information.