Cisco Benefits from AI Demand and Upgraded Forecasts

2 months ago

Tim Stenc

"ticker CSCO another AI play. It raised its forecast for 2026 and this also beat Wall Street's expectations. It's one of those legacy tech companies that's been trying to benefit from the whole AI boom and right now it's been trying to upgrade its chips and gear so that they can handle complicated AI task. Uh I think the results kind of show that analysts are bullish on the company and that and they say that the AI demand and these new products would boost uh Cisco's growth while their networking market matures. Yeah, I mean it's really interesting. We've seen this stock Cisco um definitely bounce back this year. a lot of expectations, a lot of different moves. And it's not too far from its all-time high that we saw back what before the dot boom bust, if you will, or during the com boom and then bust. And so, we'll see whether we get there. But right now, that stock is up 7% in the aftermarket."

The commentary on Cisco (CSCO) details how the company is leveraging the AI boom by upgrading its chips and gear to handle complex AI tasks. With an improved forecast for 2026 and beating Wall Street expectations, the company has bounced back significantly, as evidenced by a 7% rise in aftermarket trading.

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