CNBC
US · 2 hrs ago
✦ 78◉ Centre
Cisco CEO says tech is entering a 'networking supercycle' as stock pops 14% on strong AI demand
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Credibility 78/100
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◉ Centre ✓ Fair headline
Cisco's stock surged 14% following stronger-than-expected quarterly results driven by demand for AI infrastructure and orders from major cloud companies, with the CEO framing the market as entering a new growth phase.
Cisco CEO says tech is entering a 'networking supercycle' as stock pops 14% on strong AI demand
Shares headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler orders guidance for the fiscal year
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