HSBC upgraded Cisco Systems from Hold to Buy and raised its price target to $137, citing accelerating AI infrastructure orders and a fiscal 2027 AI revenue forecast of at least $6 billion. This reflects a shift in Wall Street's view of Cisco from a legacy networking firm to a key player in AI, supported by strong quarterly results and a growing AI order book. Cisco's stock has surged 42% in the past month, with the upgrade reinforcing confidence in its AI-driven growth potential, though investors should consider cautious entry due to cyclical networking demand risks.
US stock futures indicate a softer open following a record-breaking session where the S&P 500 and Nasdaq hit new highs and the Dow Jones surpassed 50,000. The rally was driven by strong earnings guidance from Cisco and chip shipment approvals to Chin...
The global fiber optics market, valued at $9.99 billion in 2025, is projected to grow at a 7.02% CAGR to reach $19.73 billion by 2035. This growth is fueled by accelerating 5G deployment, expansion of hyperscale data centers, and increasing broadband...
Jim Cramer advises investors to be selective in the semiconductor rally, highlighting the need for discipline amid the AI hype. He criticizes Cerebras' IPO surge as 'fanciful' and reminiscent of 1999 tech bubbles, despite his bullish stance on AI. Cr...
The S&P 500 closed above 7,500 for the first time, driven by gains in AI-related stocks like Nvidia and Cerebras. Nvidia’s stock surged over 4%, pushing its CEO's net worth past $200 billion. The Dow Jones also surpassed 50,000, fueled by optimism fr...
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
