Cisco shares closed up 0.8% at $79.20 on Friday, extending gains despite an insider sale of 10,233 shares. The company is positioning itself within the AI infrastructure ecosystem, with executives highlighting plans for AI-developed software products and a focus on AI networking hardware. Investors are now looking to Nvidia’s upcoming earnings report for insights into AI spending and potential impacts on Cisco’s stock performance, following a recent earnings-driven margin shock for Cisco.
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Cisco stock holds near $79 after insider sale filing as Nvidia earnings loom for CSCO
Cisco shares closed up 0.8% at $79.20 on Friday, extending gains despite an insider sale of 10,233 shares. The company is positioning itself within the AI infrastructure ecosystem, with executives highlighting plans for AI-developed software products and a focus on AI networking hardware. Investors are now looking to Nvidia’s upcoming earnings report for insights into AI spending and potential impacts on Cisco’s stock performance, following a recent earnings-driven margin shock for Cisco.