Cisco Stock Hits Record High, Up 36% Over Past Month, on AI Infrastructure Demand

According to Yahoo Finance, Cisco (CSCO) stock reached a record high over the past month, gaining over 36% as the market increasingly recognizes that supporting AI applications requires robust infrastructure.

The networking equipment maker posted third-quarter earnings exceeding expectations, with revenue reaching $15.84 billion, up 12% year-over-year against Wall Street estimates of $15.56 billion. Adjusted earnings per share came in at $1.06, above the forecast of $1.04. Cisco has now secured $5.3 billion in AI infrastructure and cloud service orders for the fiscal year and raised its full-year AI order target from $5 billion to $9 billion, with AI revenue expectations increased from $3 billion to $4 billion. CEO Chuck Robbins noted that reliable infrastructure is now critical as enterprises invest heavily in AI model training and deployment.