TMT Today

Latest edition · August 13, 2026

GS TMT TODAY 8.13.26

This report covers the latest TMT earnings and news, highlighting strong AI-related demand alongside margin pressures for companies like CSCO and COHR. Notable market movements include a rally in Lenovo and ongoing M&A activity in the AI space.

The August 13, 2026, GS TMT Today report captures a market environment marked by mixed reaction to tech earnings, where strong revenue beats are frequently countered by margin concerns. Highlights include CSCO's AI-driven growth offset by gross margin misses, a significant rally in Lenovo on AI-hardware demand, and continued consolidation in the AI startup space through acquisitions like Decart and Arize. Macro conditions remain relatively stable with slight equity gains, while traders focus on the ongoing earnings cycle and upcoming macro data releases.

Key takeaways from the latest edition

• 1.CSCO reported earnings with strong AI hyperscaler demand but saw shares decline due to weaker gross margin guidance.
• 2.Lenovo shares surged significantly following a beat in Q1 earnings driven by AI infrastructure demand.
• 3.M&A activity in the AI sector is heating up, with Anthropic in talks to acquire Decart and Dynatrace acquiring Arize.

What this series covers

• TMT NEWS
• MACRO
• TRADING
• Sector/Basket Performance
• Singles
• RESEARCH
• STREET ACTIONS
• EVENTS

Edition archive

• GS TMT TODAY 8.13.26

  August 13, 2026

• GS TMT TODAY 7.2.26

  July 2, 2026

• GS TMT TODAY 6.22.26

  June 22, 2026

• GS TMT TODAY 5.20.26

  May 20, 2026