Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Cisco Systems (CSCO)’s AI Surge: Networking Giant Exceeds Revenue Forecasts

We recently published a list of 15 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Cisco Systems, Inc. (NASDAQ:CSCO) stands against other trending AI stocks on latest news and ratings.

According to Anthropic CEO Dario Amodei, artificial intelligence models capable of performing at human levels may emerge as early as 2026. That is, if current advancements hold steady. Amodei compares the path to general artificial intelligence with educational stages. Currently, he notes that we’re starting to get to PhD level, while last year we were at the undergraduate level.

READ ALSO: 10 AI News Making Waves Today and 10 AI Stocks to Watch on Latest News and Analyst Ratings.

“If you just eyeball the rate at which these capabilities are increasing, it does make you think that we’ll get there by 2026 or 2027”.

– Anthropic CEO Dario Amodei

He also acknowledged that possible setbacks may exist, such as data shortages, limitations in scaling AI clusters, and potential geopolitical issues impacting microchip supply chains. Previously, OpenAI CEO Sam Altman made a similar claim, noting that artificial general intelligence can be achieved in five years with the current hardware. According to Altman, the benchmark would pose “surprisingly little” change to society.

Latest Developments in AI

How fast we can get to AGI is a debate of its own. In the meantime, let’s take a closer look at the latest developments and innovations shaping the world of artificial intelligence. In its first, a robot has been trained by watching videos of seasoned surgeons, performing the same surgical procedures skillfully as human doctors. The findings, led by Johns Hopkins University researchers, were illuminated at the Conference on Robot Learning in Munich, a top event for robotics and machine learning.

“It’s really magical to have this model and all we do is feed it camera input and it can predict the robotic movements needed for surgery. We believe this marks a significant step forward toward a new frontier in medical robotics.”

– Senior author Axel Krieger, an assistant professor in JHU’s Department of Mechanical Engineering.

In other news, CNBC’s David Faber reports that Elon Musk’s artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation. Musk’s AI startup seeks to “understand the true nature of the universe. Last year, xAI released a chatbot named Grok, modeled after “The Hitchhiker’s Guide to the Galaxy.” The chatbot aims to directly compete with companies including ChatGPT creator OpenAI.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the world.

Cisco Systems, Inc. (NASDAQ:CSCO)

Market Capitalization: $229.04 billion

Cisco Systems, Inc. (NASDAQ:CSCO) is a US technology company that provides information technology and networking services. It integrates AI-powered capabilities across its entire product and customer service portfolio.

On November 13, Cisco Systems, Inc. (NASDAQ:CSCO) forecast quarterly revenue and profit surpassing Wall Street estimates, after posting strong first-quarter results. According to LSEG compiled data, the company projects its second-quarter revenue to range between $13.75 billion and $13.95 billion, surpassing the analyst consensus estimates of $13.73 billion. The guidance for adjusted earnings per share (EPS) for the quarter is between 89 and 91 cents, exceeding the estimate of 87 cents. This upbeat forecast is largely driven by the demand for its networking gear amid the AI boom. Companies have been increasing their investments in AI technologies that require significant computing power. In turn, it is leading to a surge in demand for data centers that rely on Cisco Systems, Inc. (NASDAQ:CSCO).

Overall, CSCO ranks 2nd on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CSCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!