Federated Hermes Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,477 shares of the network equipment provider’s stock after selling 59,116 shares during the quarter. Federated Hermes Inc.’s holdings in Cisco Systems were worth $17,480,000 at the end of the most recent reporting period. Get Cisco Systems alerts: A number of othe ...

Financial Data and Key Metrics Changes - Ameriprise reported adjusted operating revenue growth of 10% to $4.9 billion in Q4 2025, with earnings increasing 10% to over $1 billion and EPS rising 16% to $10.83 [16][27] - Return on equity reached a record high of 53.2%, up over 100 basis points [16][27] - Total assets under management, administration, and advisement grew to $1.7 trillion, up 11% year-over-year [17][27] Business Line Data and Key Metrics Changes - Wealth management adjusted operating net revenues increased 12% to $3.2 billion, driven by strong client engagement and higher activity levels [31] - The RAP business saw assets increase 17% to a record high of $670 billion, with net inflows of $12.1 billion in the quarter [29][18] - Asset management operating earnings increased 17% to $293 million, with total assets under management and advisement reaching $721 billion, up 6% [34][23] Market Data and Key Metrics Changes - Total client assets reached a new record of $1.2 trillion at year-end, up 13% from focused actions to drive flows and positive market conditions [17][29] - Total client inflows were $13.3 billion, up 18%, marking one of the best quarters for flows [18][29] - Transactional activity increased 5% year-over-year, primarily from growth in annuity products and brokerage [30] Company Strategy and Development Direction - Ameriprise is focused on leveraging investments in technology, digital capabilities, AI, and cloud infrastructure to enhance client and advisor experiences [17][18] - The company aims to continue its strong recruiting momentum, having added 91 experienced advisors in Q4 2025, with a strong pipeline for future recruitment [21][22] - Ameriprise's strategy includes maintaining a diversified revenue stream and effective expense management to sustain strong financial performance [9][16] Management's Comments on Operating Environment and Future Outlook - The operating environment remains fluid, with elevated inflation and signs of softening in the labor market, but Ameriprise continues to demonstrate resilience [8][9] - Management expressed confidence in the company's ability to sustain strong financial performance even in challenging environments, supported by a complementary mix of revenue streams [9][16] - The company is optimistic about its growth prospects moving into 2026, with a clear strategy and ongoing innovation [26][38] Other Important Information - Ameriprise returned over 100% of operating earnings to shareholders in Q4 2025, with a total capital return for the year of nearly 90% [25][28] - The company was recognized as one of America's Most Iconic Companies by TIME and included in several prestigious rankings for management and responsibility [26] Q&A Session Summary Question: Organic growth and recruiting backdrop - Management noted strong organic growth and new client flows, with good retention levels contributing to the positive results [40][42] Question: Expense outlook for 2026 - Management indicated that while investments will continue, they are also focused on transforming the expense base to maintain efficiency [46][50] Question: Buyback strategy and excess capital - The company plans to maintain a capital return range of 85%-90% of operating earnings, with a focus on returning capital to shareholders [56][57] Question: Cash growth and seasonal trends - Management acknowledged seasonal factors affecting cash growth but expressed confidence in underlying cash generation capabilities [95][96] Question: Consolidation opportunities in asset management - Management highlighted ongoing transformation and investment in technology to enhance capabilities and maintain competitive margins [100][102]

That was a great opinion piece out of our colleague Dave Lee, who really puts out really the question of what expertise does Oracle, a cloud company, have when it comes to social media algorithms. Brody. Not a whole lot.I think they would. Maybe they would tell you as much as well. I think it's very interesting how much rhetorical value the administration has placed on Oracle's involvement.They are the kind of technological underpinning of a lot of the operations, but they're the cloud vendor, right. I mean ...

Core Insights - Marvell Technology, Inc. has introduced its first 2nm silicon IP aimed at enhancing AI and cloud infrastructure, produced using TSMC's 2nm process [1][9] - The custom silicon market is projected to grow at an annual rate of 45%, with expectations that it will represent approximately 25% of the accelerated compute market by 2028 [2] Group 1: Technology Development - The Marvell platform focuses on a comprehensive semiconductor IP portfolio, including advanced technologies such as SerDes, die-to-die interconnects, and custom high-bandwidth memory architectures [3] - Marvell has been a leader in advanced technology nodes, launching a 5nm platform in 2020 and a 3nm platform in 2022, with products already in development and shipping [4] - The introduction of 3D simultaneous bi-directional I/O technology allows for increased bandwidth and reduced connections, enhancing chip design flexibility [6][7] Group 2: Strategic Partnerships - Marvell's collaboration with TSMC is crucial for developing complex silicon solutions that offer high performance and efficiency [5][8] - The partnership aims to leverage TSMC's advanced silicon technology and packaging to support the demands of the AI era [8] Group 3: Market Impact - The 2nm platform is expected to significantly improve the performance and efficiency of infrastructure for hyperscalers, addressing the needs of the AI-driven market [9] - The shift towards chiplet designs is anticipated to increase the transistor count in advanced processors, with 30% of such processors expected to utilize this approach [7]