Cisco Stock Jumps 17% After Earnings Beat, AI Orders
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- Cisco reported earnings and revenue that beat Wall Street expectations in its latest quarter.
- Cisco's stock surged 17% to a record high after the company disclosed strong AI‑driven orders.
- Cisco announced a plan to cut nearly 4,000 jobs despite robust growth in AI and enterprise networking.
Why it matters: Investors gain as Cisco's share price jumps 17% on AI‑fueled earnings, while the planned cut of almost 4,000 jobs signals cost‑saving pressures that reshape its workforce and margins.
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