Cisco’s AI orders forecast just hit $9 billion—and the stock surged

Cisco's stock surged over 13% following a strong Q3 earnings report, which highlighted the company's successful pivot towards AI infrastructure. The networking giant reported record revenue of $15.8 billion, exceeding expectations, and raised its AI revenue forecast significantly, now targeting $9 billion in AI orders. This turnaround marks a notable achievement in Cisco's long history, showcasing the growing importance of AI in driving business growth.