15 Trending AI Stocks on Latest News and Ratings

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

Market Capitalization: $229.04 billion

Cisco Systems, Inc. (NASDAQ:CSCO) is a US technology company that provides information technology and networking services. It integrates AI-powered capabilities across its entire product and customer service portfolio.

On November 13, Cisco Systems, Inc. (NASDAQ:CSCO) forecast quarterly revenue and profit surpassing Wall Street estimates, after posting strong first-quarter results. According to LSEG compiled data, the company projects its second-quarter revenue to range between $13.75 billion and $13.95 billion, surpassing the analyst consensus estimates of $13.73 billion. The guidance for adjusted earnings per share (EPS) for the quarter is between 89 and 91 cents, exceeding the estimate of 87 cents. This upbeat forecast is largely driven by the demand for its networking gear amid the AI boom. Companies have been increasing their investments in AI technologies that require significant computing power. In turn, it is leading to a surge in demand for data centers that rely on Cisco Systems, Inc. (NASDAQ:CSCO).

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