10 AI Stocks Gaining Momentum Right Now

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9. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 60

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On February 25, the company announced that it is expanding its partnership with NVIDIA to provide AI technology solutions to enterprises. Even though artificial intelligence is critical to growth, enterprises are still figuring out how to navigate the technical complexity and security demands of AI-ready data centers. Through this expanded partnership between Cisco and Nvidia, the two companies will develop a cross-portfolio unified architecture that will simplify building AI-ready data center networks.

NVIDIA will empower Cisco Silicon One coupled with NVIDIA SuperNICs to become part of the NVIDIA Spectrum-X Ethernet networking platform, with Cisco being the only partner silicon included in NVIDIA Spectrum-X. As such, the NVIDIA Spectrum-X Ethernet networking platform based on Cisco and NVIDIA silicon will be forming the base for many enterprise AI workloads. Essentially, customers will be able to optimize their AI infrastructure investments with a common architecture by leveraging their existing management tools and processes.

“Enterprises are under immense pressure to deploy AI quickly and effectively, and many leaders struggle to justify the investment while balancing the risks. Together, Cisco and NVIDIA are partnering to remove barriers for customers and ensure they can optimize their infrastructure investments to unlock the power of AI.”

-Chuck Robbins, Chair and CEO, Cisco.

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