August 12 in focus: July CPI release and Cisco's Q4 earnings

SMCI +0.63% NVDA +0.14% EAT -1.92% CAVA -2.70%

1. 1On the morning of August 12, the July CPI is released and Cisco (CSCO) along with Brinker International report their quarterly earnings.
2. 2The July CPI is expected to rise following an unexpected decline in June, and Wall Street is watching whether Cisco can sustain its growth.
3. 3The CPI is a key gauge on prices following weak employment, and Cisco is expected to post revenue growth from the prior quarter on AI infrastructure demand.

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