Nasdaq Composite Index Falls 1.54% on Tech Sell-Off Post U.S.-China Summit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
Source: seekingalpha
- Nasdaq Decline: The Nasdaq Composite Index closed down 1.54% on Friday, reversing weeks of gains, primarily driven by a sell-off in tech stocks, reflecting market concerns over the outlook for the tech sector post-U.S.-China summit.
- Divergent Tech Performance: Despite the overall market decline, Cisco (CSCO) stood out with a 22.42% increase this week, reaching a new high of $119.36, showcasing strong performance following better-than-expected third-quarter results.
- Peer Gains: Cisco's peer Palo Alto Networks (PANW) also surged by 16.92%, becoming the second-highest gainer of the week, indicating ongoing market interest and investment in the cybersecurity sector.
- Intel's Significant Loss: Intel (INTC) experienced a 12.84% drop, making it the biggest loser of the week, primarily due to the lack of discussions on key chip issues at the U.S.-China summit, leading to a broader sell-off in AI and chip stocks.
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Analyst Views on CSCO
Wall Street analysts forecast CSCO stock price to fall
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 118.640
Low
76.00
Averages
91.30
High
100.00
Current: 118.640
Low
76.00
Averages
91.30
High
100.00
About CSCO
Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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