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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. "Euro summer" might have cost some travelers a pretty penny this week: Hotel and short-term rental prices surged around yesterday's rare solar eclipse. Stock futures are slightly higher this morning after a mixed session for Wall Street. Here are five key things investors need to know to start the trading day:
1. Green flag
A customer shops for cilantro at a Walmart Supercenter on July 23, 2026, in Austin, Texas. Brandon Bell | Getty Images
Cerebras Systems Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images
Despite raising full-year guidance, Cerebras issued worse-than-expected revenue for the second quarter. Investors sent shares of the chipmaker plunging 15% in extended trading. CEO Andrew Feldman told CNBC that artificial intelligence demand is "through the roof" and that firms are willing to pay for Cerebras' specialty inference chips. Feldman said that gross margins are growing given that fast inference "is priced at a premium." Meanwhile, Cisco beat Wall Street's expectations on both lines and gave a rosy revenue forecast. Still, shares slipped 5.9% before the bell.
3. Finding the truth
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