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Cisco's Emerging AI Roadmap 🤖
Should you buy or avoid Cisco?
Early Bird Prime for October 20, 2024
Tech giant Cisco Systems (Nasdaq: CSCO) has been in the news lately. After a sluggish start to 2024, Cisco has finally decided to join the party and is now sporting a positive outlook for the year. In the past 30 days, the stock has been up 10.34%.
Cisco is riding the wave of increasing demand for artificial intelligence technologies.
This week, Citi analysts decided to upgrade their rating of Cisco Systems to "Buy" from "Neutral." The analysts have a vision of Cisco basking in the glory of expected growth in using ethernet switches to connect AI-focused graphics processing units.
But remember that Cisco’s stock has already reached its 52-week high and is dangerously close to its 5-year high. Can this run continue, or is it time to avoid the stock?
Despite its recent sprint, Cisco has underperformed in the market this year, and its revenue growth has slowed down. Should you invest in Cisco now and buy the stock or should you avoid Cisco’s stock? Well, here’s the answer:
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