17m ago
Cisco (CSCO) Rallies 20% as AI Orders Smash $9B Target, Announces 5% Job Cuts
Cisco Systems (CSCO) sent shockwaves through the tech sector on Wednesday, surging nearly 20% in after-hours trading after reporting a massive uptick in AI-related infrastructure orders. The networking giant raised its full-year AI order forecast to $9 billion, up from a previous estimate of $5 billion, proving that the "AI Gold Rush" is moving beyond chips and into the fabric of the data center itself.