Cisco surges on AI demand; Dow toward records on chip/software strength
Bloomberg reports Cisco shares rallied as part of a broader AI-fueled market surge, driving the Dow toward record highs. Enterprise networking gear and infrastructure chips ride the wave of accelerated data-center deployment.
The move reflects renewed investor conviction in AI capex and networking—networking vendors stand to gain from enterprises scaling AI infrastructure, particularly as model training and inference workloads balloon.