US Tech Companies Deliver Mixed Bag as Cisco Beats Estimates

Bit Digital Inc (NASDAQ:BTBT) reported a revenue increase of 15% in the prior quarter, thanks to growth in its cloud services. The company's total revenue for the quarter was $32.1 million, with cloud services revenue rising by 42% sequentially due to new and expanded contracts.

Ideal Power Inc (NASDAQ:IPWR) continued to advance its B-TRAN bidirectional semiconductor switch technology in the second quarter, including work with a lead Asian customer and an industry partner on prototypes tied to Nvidia's Rubin Ultra 800V DC data center power architecture. According to CEO David Somo, 'We continued to execute across our commercial priorities in the second quarter.'

Cerebras Systems Inc (NASDAQ:CBRS) shares fell by 11% after reporting second-quarter revenue below Wall Street estimates, despite raising its full-year guidance. The company's second-quarter revenue was $180.1 million, missing the $194 million analyst estimate but up 74% year-over-year.