Why Cisco Stock Inched Higher on Wednesday
Cisco Systems (NASDAQ: CSCO) is gearing up to be part of an international consortium building out artificial intelligence (AI) infrastructure, and investors cheered the news. The veteran networking equipment company's shares rose by over 1% that day, a rate that was sufficient to outperform the S 500 index's 0.4% improvement.
Cisco is to be part of a joint venture with chip company AMD and Saudi Arabia-based AI developer Humain that will deploy AI infrastructure in the Middle Eastern country. The operations of this business should begin in 2026, Cisco wrote in a press release.
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Cisco Systems Inc. Stock
€68.39
3.920%
The stock is an absolute favorite of our community with 43 Buy predictions and no Sell predictions.
With a target price of 70 € there is a slightly positive potential of 2.35% for Cisco Systems Inc. compared to the current price of 68.39 €.
