AI Momentum Turns Pullback into Buying Opportunity
High memory prices strain margins – profit forecast raised nonetheless.
UBS analysts see a buying opportunity with a price target of $95 (Buy)
Reading Time: 1 minute
The pullback at Cisco Systems (CSCO) could turn out to be a promising buying opportunity, as the momentum in AI orders accelerated sequentially from $1.3 billion to $2.1 billion in the second quarter. Hyperscalers contributed to triple-digit order growth and are expected to contribute AI revenues of $3 billion in fiscal year 2026. Additionally, there is a pipeline exceeding $2.5 billion related to Neoclouds, Sovereign Clouds, and enterprise customers. The new high-performance switching chip G300 is not yet included in the annual forecast. It matches...
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