Business

Cisco's AI Investment and Stock Surge

Updated 2026-05-13 21:50 UTC 1 source Positive

Cisco plans to invest more in artificial intelligence, leading to a significant stock price increase. The company announced job cuts to fund this initiative.

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MarketWatch

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

Cisco’s stock soars into record territory, after the networking giant announced plans to invest more in AI and upbeat earnings report.

2026-05-13 21:42 UTC