10 AI Stocks You Need to Watch: News & Ratings

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

Number of Hedge Fund Holders: 84

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On March 17, TipRanks reported that Evercore ISI analyst Amit Daryanani maintained a “Buy” rating on the stock on March 14 and set a price target of $75.00.

The rating follows news of a partnership between Cisco and Nvidia and the unveiling of a new AI factory architecture that will empower customers to build and secure data centers to develop and run AI workloads. The Cisco Secure AI Factory with NVIDIA will use solutions like Cisco AI Defense and Hybrid Mesh Firewall to lead the way in AI infrastructure and security while streamlining enterprise AI adoption.