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Cisco Hits Record Close, Surpassing 2000 Peak on AI Data-Center Demand

The move underscores investor confidence in Cisco’s push to monetize AI networking through large hyperscaler orders.

Overview

  • Cisco closed at $80.25 on Dec. 10, topping its prior split-adjusted record of $80.06 set on March 27, 2000.
  • The advance lifted Cisco’s market value to about $317 billion, placing it roughly 13th among U.S. tech companies.
  • In November, Cisco beat fiscal Q1 expectations with about $14.88 billion in revenue and adjusted earnings of $1.00 per share.
  • Management reported $1.3 billion in quarterly AI infrastructure orders from large web companies and guided to roughly $3 billion in AI infrastructure revenue in fiscal 2026.
  • The shares are up about 36% in 2025, outpacing the Nasdaq’s roughly 22% gain, though Cisco remains far smaller than AI chip leader Nvidia at around $4.5 trillion.