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Cisco Stock Surges on AI Orders and Job Cuts
TechnologyYahooTimes of Indiazerohedge3mo ago3 sources

Cisco Stock Surges on AI Orders and Job Cuts

Cisco Systems' stock experienced its best trading day in two decades, surging significantly after the company reported booming AI orders and a raised outlook. The surge occurred alongside an announcement of 4,000 job cuts, which CEO Chuck Robbins stated were necessary for focus and discipline in the AI era.