Why Cisco Stock Inched Higher on Wednesday
The company is going to be quite busy in a hot international market soon.Cisco Systems (CSCO +1.32%) is gearing up to be part of an international consortium building out artificial intelligence (AI) infrastructure, and investors cheered the news. The veteran networking equipment company's shares rose by over 1% that day, a rate that was sufficient to outperform the S&P 500 index's 0.4% improvement. New AI partnership in the worksCisco is to be part of a joint venture with chip company AMD and Saudi Arabia-b ...