Jim Cramer Reveals Big Win For Cisco (CSCO)

We recently published Jim Cramer’s Latest Thoughts On Cisco, NVIDIA & Other AI Stocks. Cisco Systems, Inc. (NASDAQ:CSCO) is one the stocks discussed by Jim Cramer.

Networking equipment manufacturer Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are up by 83% over the past year and by 55% year-to-date. Evercore ISI discussed the firm on May 4th as it raised the share price target to $110 from $100 and kept an Outperform rating on the stock. The firm outlined that Cisco Systems, Inc. (NASDAQ:CSCO)’s networking ASIC called Silicon One was capable of generating more than $12 billion in revenue over the next four years. Evercore added that the firm could benefit from an additional $15 billion in revenue from other segments and added that Cisco Systems, Inc. (NASDAQ:CSCO) might also experience tailwinds from back-end networking hyperscaler spending. Cramer, who interviewed the firm’s CEO, said the following as he started his discussion:

“Cisco shares really driving this market today, rallying incredibly sharply at the open. [inaudible] reported, well I don’t want to call it a record quarter, but it doesn’t make, [inaudible] as good as it is. . .Chuck, I’ve got to tell you, of all the quarters that I’ve known you forever, I know your predecessor and his predecessor, I think it’s the best quarter I’ve ever seen from Cisco. . .product orders up 35%, networking orders were up more than 50%!”

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In a tweet, Cramer also compared Cisco Systems, Inc. (NASDAQ:CSCO) of the present to the one of the past:

“If you listen to last night’s Cisco conference call you will understand the allure the data center has for money managers. The superlatives so outweigh any negatives right now that it is hard to justify NOT owning data center stocks. Very different from 2000 and this company…”

While we acknowledge the risk and 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 and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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