Cisco’s Stock Hits Record High For First Time Since Dot-Com Era
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Cisco Systems' stock reached a record high of $80.25 per share, surpassing its previous peak from 2000. This marks the first new high since the dot-com era, driven by successful diversification through acquisitions like Webex and Splunk. Cisco's stock has risen 36% this year, with a market cap of $317 billion, amid concerns of a new tech bubble related to AI. Cisco aims to capitalize on AI, reporting $1.3 billion in AI infrastructure orders in Q3.
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