10 Best Performing Dow Stocks So Far in 2026

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6. Cisco (NASDAQ:CSCO)

Year-to-date return as of April 16: 11.13%

On April 11, 2026, The Information reported that Cisco (NASDAQ:CSCO) is in talks to acquire cybersecurity startup Astrix Security for $250 million to $350 million. Persons familiar with the subject stated that conversations were still underway, with no final agreement disclosed.

On April 7, 2026, Cisco (NASDAQ:CSCO) also issued its State of Industrial AI Report, which highlights the growing use of AI in operational environments. About 61% of firms now use AI in live industrial operations, with 20% reporting scaled installations. AI is driving applications such as predictive maintenance, automation, and energy forecasting.

Cisco (NASDAQ:CSCO) stated that infrastructure readiness and cybersecurity dictate scaling capability, with 98% of respondents naming cybersecurity foundational and 40% citing it as their most significant hurdle. The report stated that 97% of respondents expect AI workloads to influence network requirements, and 96% believe wireless connectivity is crucial. The corporation also revealed that 83% of firms intend to expand AI spending, with 87% expecting meaningful results within two years.

Cisco (NASDAQ:CSCO) designs, manufactures, and sells Internet Protocol-based networking devices and services for the communication and information technology industries. The company operates in three geographical segments: the Americas, EMEA, and APJC.

While we acknowledge the potential of CSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about the cheapest AI stock.

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