What Moved Markets — 8pm ET, May 16, 2026

Headlines

• •Cisco cuts 4,000 jobs in AI restructuring — CFO says move is about 'realigning' resources, not savings

  $CSCOfinance.yahoo.com

• •Broadcom still has bright future — analyst recommends buying AVGO while avoiding BigBear.ai and C3.ai

  $AVGOfinance.yahoo.com

• •AMD poised to be biggest winner of agentic AI supercycle — article highlights AMD's potential

  $AMDfinance.yahoo.com

• •DRAM ETF (DRAM) sprints toward $10 billion — memory boom continues amid AI demand

  $MUbenzinga.com

• •S&P 500 extends weekly win streak to 7 despite anticlimactic Trump-Xi summit — index barely holds gains

  $SPYcnbc.com

• •Senate confirms Kevin Warsh as Fed Chair in 54-45 vote — Elizabeth Warren criticizes appointment as 'sock puppet'

  $SPYfinance.yahoo.com

• •How to Get Rich in American History

  $INTC$IQNT$MSFT$NVDAfinance.yahoo.com