15 AI News That Should Not Be Ignored

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

Market Capitalization: $233.7 billion

Cisco Systems, Inc. (NASDAQ:CSCO) is a technology company that offers a wide array of technology innovations such as Internet Protocol-based networking and other products related to communications and information technology. It offers AI-native infrastructure and solutions. Currently, artificial intelligence makes up 2% of the company’s revenue.

One of the biggest analyst calls on Monday, November 11, highlighted Cisco Systems, Inc. (NASDAQ:CSCO). JPMorgan upgraded the stock to “Overweight” from Neutral with a price target of $66, up from $55. The firm cites “enterprise networking demand” for the company as a factor for the upgrade. Even though the shares rallied following the company’s earnings report for fiscal Q4 2024, JPMorgan believes there is still potential for the stock to rise further.

“We are upgrading Cisco from Neutral to Overweight despite the strong run in the shares since reporting F4Q24 (Jul-end) earnings in the middle of August, driven by our expectation of further headroom for upside in the medium term…”

-JP Morgan

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