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MoneyThe story, in brief

Cisco's stock pops 15% on surging AI orders, as company says it's cutting almost 4,000 jobs

15%. That's how much Cisco's stock just jumped on AI infrastructure demand—while the company cuts 4,000 jobs.

Reporting by CNBC Technology 1 min brief
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The KeyNews take

Why it matters

Cisco is capturing enterprise AI infrastructure spend at scale, signaling a major shift in how Fortune 500 companies are building out AI stacks. The job cuts suggest the company is redeploying capital from legacy networking to AI-optimized silicon and software.

The key facts

5 to know

  1. Cisco stock up 15% on Q3 earnings

  2. Stock hit record in late 2025, continues rallying in 2026

  3. Company cutting ~4,000 jobs (workforce restructuring tied to AI pivot)

  4. Surging AI orders cited as driver of stock pop

  5. Enterprise AI infrastructure demand acceleration

Go to the source

CNBC Technologycnbc.com

Publisher excerpt: Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing to rally in 2026.
Read original report
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