Billionaire Ken Fisher’s Top 12 High-Growth Stock Picks

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6. Cisco Systems Inc (NASDAQ:CSCO)

Fisher Asset Management’s Stake: $1.3 Billion

Number of Hedge Fund Holders: 97

EPS Growth Next 5 Years: 11.31%

Cisco Systems Inc (NASDAQ:CSCO) is one of billionaire Ken Fisher’s top high growth stock picks. In the past month, Cisco shares have soared more than 20%. The stock is up more than 58% year-to-date.

Cisco Systems Inc (NASDAQ:CSCO) has landed a role in AT&T’s in-car entertainment platform. The arrangement involves Cisco providing multi-party billing capabilities on the platform, according to a June 3 press release. The solution that Cisco brings is designed to streamline how partners work together on that platform.

AT&T provides a platform designed to make it easy for automakers to offer in-car entertainment as part of connected vehicle offerings. This platform gives automakers the flexibility to offer individual content experiences or bundled packages. The AT&T platform provides a single interface for automakers and content providers to deploy in-car infotainment experiences.

AT&T reached out to Cisco to simplify billing across the platform. Cisco will offer its SIM management technology to the platform to enable multi-party billing capabilities. With this, different content providers can independently manage their service relationships and connectivity on the same vehicle-embedded SIM. This integration is meant to make the in-car entertainment rollout more efficient.

Cisco Systems Inc (NASDAQ:CSCO) provides technology for networking infrastructure. These include routers, switches, wireless access points, and software that connect computers and data centers globally. The company also provides cybersecurity services, collaboration tools, and billing technology.

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.

Click to continue reading and see the Billionaire Ken Fisher’s Top 5 High-Growth Stock Picks.

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