Cisco Systems(US:CSCO) Benzinga·2026-02-12 18:28Group 1 - Wall Street experienced volatility, with technology and software stocks declining after Cisco Systems Inc. provided a cautious margin outlook, raising concerns about profit durability in the AI sector [1] - Cisco's shares fell over 11%, marking their worst single-day drop since May 2022, despite exceeding earnings and revenue expectations [1] - The iShares Tech-Expanded Software Sector ETF, seen as a measure of AI-disruption risk, decreased by 3.7%, returning to lows from the previous week [2] Group 2 - Major US indices saw declines, with the Nasdaq 100 down 1.7%, S&P 500 and Dow Jones Industrial Average each losing 1.2%, and the Russell 2000 falling 2.4% [3] - Volatility increased, as indicated by a 16% jump in the VIX, leading investors to shift towards defensive sectors like utilities and consumer staples [3] - Commodities faced declines, with gold dropping 2.7% to below $5,000 per ounce and silver plunging over 8% to $77 [3] Group 3 - Crude oil prices retreated sharply, with WTI down 3% due to rising expectations of a potential U.S.–Iran deal that could reduce geopolitical risk premiums [4] - In the cryptocurrency market, Bitcoin fell 2% to $65,000, marking a trend towards a fourth consecutive session of losses [4]