Dow retakes 50,000 as AI stocks rally; Cisco, Nvidia lift tech sentiment

U.S. stocks rose early May 14, 2026, as AI-linked shares extended gains and Cisco Systems’ stronger-than-expected results and outlook revived technology buying, sending the Dow Jones Industrial Average back above 50,000. At about 9 a.m. Taipei time, the Dow rose 373.49 points, or 0.75%, to 50,066.69. The Nasdaq Composite gained 22.17 points, or 0.08%, to 26,424.51, while the S&P 500 added 19.10 points, or 0.26%, to 7,463.35. The Philadelphia Semiconductor Index fell 0.92%. TSMC ADRs rose 0.66% to $402.40. Cisco (CSCO) jumped 16.7% to $118.89 after forecasting adjusted quarterly EPS of $1.16 to $1.18 and revenue of $16.7 billion to $16.9 billion, above estimates, while announcing nearly 4,000 job cuts. Nvidia (NVDA) rose 2.59% after Reuters reported the U.S. approved sales of H200 AI chips to about 10 Chinese tech firms. April retail sales rose 0.5%, supporting expectations for resilient consumer demand.