Jim Cramer highlighted that Cisco Systems, Inc. (NASDAQ: CSCO) remains a significant holding in his Charitable Trust, despite acknowledging the company’s late entry into the AI market. He noted Cisco’s recent improvements in picking up clients and its strong performance over past quarters, suggesting it has found its place in the modern world. Technical analysis by Lang indicates a potential rebound for Cisco, with projections for the stock to reach $80 and even $100 later in the year, although some technical indicators still flash a sell signal.
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Jim Cramer Notes That Cisco Is "Still a Sizeable Position for the Charitable Trust"
Jim Cramer highlighted that Cisco Systems, Inc. (NASDAQ: CSCO) remains a significant holding in his Charitable Trust, despite acknowledging the company’s late entry into the AI market. He noted Cisco’s recent improvements in picking up clients and its strong performance over past quarters, suggesting it has found its place in the modern world. Technical analysis by Lang indicates a potential rebound for Cisco, with projections for the stock to reach $80 and even $100 later in the year, although some technical indicators still flash a sell signal.