Weekly Roundup: Cisco Soared, Ford Jumped, Intel Sunk

Today's biggest winners and losers in the stock market, a look at the notable movers for the week:On this episode of Stock Movers:- Cisco (CSCO) jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg.-Construction machines are still roving around Ford's (F) new factory in Marshall, Michigan, but their work is almost done — and it’s a scene to warm President Donald Trump’s heart. An iconic US company is poised to cut the ribbon on its first wholly owned domestic greenfield plant in half a century, and bring manufacturing jobs and money to a slice of small-town America that’s been starved of both. The twist in the tale: All this comes with a big assist from China, where Trump is headed this week to meet his counterpart Xi Jinping.”- Intel (INTC) and other chip companies were dropping early Friday. Investors look to be locking in some profits after a historic surge in semiconductor stocks. Intel was down 4.1% at $111.27 in premarket trading. The move was in line with peers, as Advanced Micro Devices was down 3.4% and Arm Holdings was falling 4.4%.See omnystudio.com/listener for privacy information.