CEO Chuck Robbins cites surging need for networking and security infrastructure to support AI and telecom build-outs.
Cisco shares reached all-time highs as demand for AI-driven infrastructure accelerates. CEO Chuck Robbins attributed the rally to growing recognition that high-performance networking and secure systems are critical for AI model training and deployment.
The company highlighted increased spending by telecom providers and enterprises modernizing infrastructure to handle AI workloads. Cisco’s prior quarterly results had already reflected strong demand for networking equipment, with consensus estimates projecting continued growth.
At its Cisco Live conference, the company unveiled Cisco Cloud Control, a platform integrating AI agents to bolster cybersecurity defenses. The move underscores Cisco’s push to capitalize on AI-driven infrastructure trends.