11:50 AM EDT, 05/14/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Thursday, as investors monitor news emanating from President Donald Trump's meeting with Chinese President Xi Jinping in Beijing.

In company news, Cisco Systems ( CSCO ) reported fiscal Q3 adjusted earnings late Wednesday of $1.06 per diluted share, up from $0.96 a year earlier and above the FactSet consensus analyst estimate of $1.03. Fiscal Q3 revenue was $15.8 billion, up from $14.1 billion a year ago and above the FactSet consensus of $15.6 billion. For fiscal Q4, Cisco ( CSCO ) said it expects Q4 adjusted EPS of $1.16 to $1.18 on revenue of $16.7 billion to $16.9 billion. Analysts polled by FactSet expect $1.08 and $15.8 billion, respectively. Cisco ( CSCO ) shares were up 15.0% around midday.

Alibaba ( BABA ) and JD.com ( JD ) are among the roughly 10 Chinese companies that have secured US clearance to buy Nvidia's ( NVDA ) H200 artificial intelligence chips, though no deliveries have been made yet, Reuters reported Thursday, citing three people familiar with the matter. Alibaba ( BABA ) and JD shares were down 1.9% and 2.1%, respectively. Nvidia ( NVDA ) shares were up 4.6%.

Chinese President Xi Jinping told the chief executives of Apple ( AAPL ) , Tesla (TSLA), Nvidia ( NVDA ) and other large companies that China will "open wider" to doing business, CNBC reported Thursday, citing a report from state-backed newspaper Xinhua. Apple ( AAPL ) shares were up 0.1%, while Tesla shares were up 0.8%.

Biogen (BIIB) said Thursday that a phase 2 study evaluating diranersen in patients with early Alzheimer's disease did not meet its primary endpoint evaluating dose response for change from baseline on the Clinical Dementia Rating-Sum of Boxes at Week 76. Biogen shares were down 5.0%.

Price: 117.40, Change: +15.53, Percent Change: +15.24