Cisco shares fell on Wednesday after the company reported record results for the fiscal fourth quarter, driven by an artificial intelligence « supercycle. » Quarterly revenue reached $17.3 billion, up 18% year-on-year and above analysts’ estimates of $16.8 billion. However, investors focused on compressed gross margins, which weighed on the stock price. Hyperscalers are accelerating data center construction, fueling demand for the technology conglomerate’s equipment.
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