Cisco Tumbles After Profit-Margin Squeeze Overshadows AI Gains

<p>Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Market news and in-depth company research.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Cisco earnings. Cisco Systems Inc. suffered its worst stock decline in more than two years after giving a weaker-than-expected forecast for profitability, a sign that higher memory-chip prices are taking a toll.&nbsp;<br /><br />- Jody Lurie, Bloomberg Intelligence Credit Analyst, recaps Hyatt earnings. Hyatt&nbsp;shares climbed to an intraday record after the hotel chain&rsquo;s fourth-quarter adjusted earnings per share blew past analysts&rsquo; estimates, despite a weaker-than-expected adjusted Ebitda outlook for the full year. Its earnings follow strong prints from peers Hilton and Marriott, which are also trading near records.<br /><br />- Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, recaps McDonalds and Restaurant Brands earnings. McDonald&rsquo;s Corp.&rsquo;s US sales grew at the fastest pace in more than two years in the fourth quarter as value meals continued to resonate with cost-conscious diners. Restaurant Brands International Inc. increased its regular quarterly cash dividend to 65 cents per share from the previous dividend of 62 cents per share.<br /><br />- Nathan Naidu, Bloomberg Intelligence Technology Research Analyst, recaps AppLovin earnings. AppLovin shares fell after the mobile-app marketing company reported its fourth-quarter results and gave an outlook. While both were above consensus expectations on key metrics, they may not be strong enough to assuage recent concerns over AI-related disruption.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>