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Cisco Shares Surge on Strong Earnings Report

20m ago San Jose 1h33m Impact 5
Cisco shares surged following the release of a strong earnings report. This news comes as Cisco pivots towards AI technologies. Cisco's stock price rose 13% to a new all-time high following its earnings report. The company's AI chip maker, Cerebras, opened on the IPO front. The company cited strong demand for its AI infrastructure. Cisco reported strong earnings that beat expectations, with an upbeat outlook. This performance is also helping the NASDAQ. The company is a top gainer in the NASDAQ 100 index. This performance is noted as a key point of interest for the night's market watch. The company's performance was attributed to its advancements in artificial intelligence.

Topics

Cisco earnings stock market AI

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Sources · 7 independent

Bloomberg Radio

“After earnings, Cisco rose 13% to a new all-time high. And on the I PO front, AI chip maker Cere bras opened at”

WBBM Newsradio 780

“now for your free time share exit information kit. 8384.93.93. That's 8384.93.93.”

1010 WINS NYC

“Cisco system's watching at stock rally as much as 17% today, most in 14 years, as the delivers a stronger than expected sales forecast, crediting strong demand for its AI infrastructure.”

KYW Newsradio 1060

“The computer networking equipment maker Cisco, those shares up after a strong earnings beat and an upbeat outlook.”

1010 WINS NYC

“stronger than expected sales forecast, crediting strong demand for its AI infrastructure.”

KYW Newsradio 1060

“strong earnings beat and an upbeat outlook. That is also helping the NASDAQ .”

Bloomberg Radio

“than $3 11 per share. That 's up from for that I PO price. So off the best levels of the day, right when this opened, Katie, you were probably watching”

Bloomberg Radio

“kind of an AI theme, so let's flip it on over to Cisco, your number one gainer in the NASDAQ 100 and the”

KRLD Dallas

“making new highs because it's still been very, very selective. Cisco, we mentioned yesterday after the close, came with good numbers. That 's an artificial intelligence company now.”

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