Cisco Raised Its AI Order Target to $9 Billion. Here’s What Investors Need to Know.
Cisco Systems (CSCO -0.51%) has quietly become one of the year’s big artificial intelligence (AI) trades. Shares of the networking giant closed Tuesday at $121.74, up 5% on the day and about 60% higher in 2026 as of this writing. That leaves it about 7% shy of its 52-week high ($130.37) — for a company…