<ul>
<li>思科的垂直反弹可能仍处于早期阶段</li>
</ul>
<p>思科系统公司（NASDAQ: CSCO）董事长兼首席执行官查克·罗宾斯在摩根大通的技术大会上表示，公司正在看到与人工智能相关的广泛需求，并将当前环境描述为 “网络超级周期”。</p>
<p>获取 <strong>思科系统</strong> 的提醒：</p>
<p>在与摩根大通分析师萨米克·查特吉的主题讨论中，罗宾斯表示，人工智能正在增加对 “现代网络” 和 “安全网络” 的需求，涵盖超大规模企业、企业、主权云、新云和公共部门组织。他指出，思科最近将其年度人工智能基础设施目标从 50 亿美元提高至 90 亿美元。</p>
<ul>
<li>Jabil 悄然制造加速的股价反弹</li>
</ul>
<p>“现在一切似乎都在同时发生，” 罗宾斯说。他将当前周期与互联网泡沫时代进行了比较，表示与人工智能相关的投资 “比我们见过的任何东西都要大”，并且 “发生得更快”。他补充说，今天在人工智能上大量投资的许多公司拥有强劲的资产负债表和现金流，这与 2000 年代初互联网建设期间的许多客户不同。</p>
<h2>安全与网络在人工智能中融合</h2>
<p>罗宾斯表示，代理人工智能的兴起增加了将安全性直接嵌入网络基础设施的必要性。他表示，独立运行的人工智能代理将在企业系统中产生延迟和安全需求，这些需求不能仅通过将流量路由到单独的安全设备来处理。</p>
<ul>
<li>思科系统股价低于 82 美元？现在买入，它不会持续——182 美元即将到来</li>
</ul>
<p>“这必须在网络中完成，” 罗宾斯说。</p>
<p>他指出思科的智能交换机，这些交换机在网络产品中内置了 CPU 或 DPU，作为公司方法的一个例子。罗宾斯表示，这些产品可以以线速运行安全服务而不会降低性能。他估计，智能交换机目前占客户购买的约 5%，但表示思科预计这一份额将 “迅速上升”。</p>
<h2>Silicon One 和供应链被视为竞争优势</h2>
<p>罗宾斯表示，思科的供应链已成为竞争差异化因素，引用了公司的规模、资产负债表和提前承诺的能力。他表示，思科在其供应链的某些部分进行了股权投资，包括最近与确保来自南亚的内存供应相关的投资。</p>
<p>他还表示，思科的 Silicon One 战略是其人工智能基础设施机会的核心。罗宾斯表示，如果没有自己的硅，90 亿美元的人工智能基础设施数字 “可能接近于零”，因为思科将成为商用硅的分销商。</p>
<p>罗宾斯表示，思科在 2016 年收购 Leaba 使公司能够在其产品组合中构建单一的硅架构。他表示，到 2029 财年，思科产品组合中的所有高端系统预计都将由 Silicon One 提供动力。</p>
<p>他说，思科为超大规模客户提供了购买其技术的灵活性，包括完全集成的系统、仅软件的产品或仅硅的购买。罗宾斯表示，这种方法帮助改善了与超大规模客户的关系，因为思科之前 “错过了云革命”。</p>
<h2>超大规模客户的需求、光学和跨规模架构</h2>
<p>罗宾斯表示，超大规模客户面临的障碍包括能源可用性、供应链限制、地理位置和对数据中心建设的地方反对。他表示，思科在上个季度获得了五个超大规模客户的设计胜利，包括两个光学和三个系统。</p>
<p>他强调了思科的 P200 芯片，他表示该芯片是为连接多个人工智能数据中心的 “跨规模” 用例定制的。罗宾斯表示，思科在第三季度赢得了两个具有跨规模用例的超大规模客户，并在当前季度初获得了第三个超大规模客户的跨规模架构。</p>
<p>罗宾斯还表示，思科的光学资产，包括 Acacia 和 Luxtera，随着人工智能基础设施的扩展变得更加战略重要。他表示，可插拔光学可以与任何供应商的设备配合使用，并且光学支出至少与交换支出相等，有效地将思科的可寻址市场翻倍。</p>
<h2>人工智能安全风险可能加速更新周期</h2>
<p>罗宾斯还讨论了 Anthropic 的 Mythos 模型和其他先进的人工智能模型，表示这些模型迅速成为首席执行官的首要关注。他表示，思科在公开讨论之前的七周内获得了没有保护措施的 Mythos 版本，并将其内部使用限制在公司的安全团队。</p>
<p>罗宾斯表示，该模型帮助思科识别了其自身代码中的漏洞，而这些漏洞可能是人类未能发现的，同时也显示出创建漏洞的能力。思科已开源了一个框架或 “工具”，以帮助客户在安全测试中使用模型，并发布了一份名为 “Shields Up” 的白皮书，提供了为应对先进的人工智能驱动威胁做好准备的建议。</p>
<p>他说，客户环境中未修补和过期的设备是一个主要问题。罗宾斯估计，过期的客户设备至少代表 “数百亿美元”，可能达到 1000 亿到 2000 亿美元。他表示，思科最近宣布的 Cisco IQ 可以帮助客户清点思科设备，并识别过期或未修补的产品。</p>
<p>罗宾斯表示，思科并没有假设客户可能会多快更新基础设施以应对这些风险，但表示威胁环境可能加速这一周期。他将更广泛的校园交换更新描述为仍处于早期阶段，使用棒球类比：“我们在第一局的上半场。”</p>
<h2>人工智能的更广泛影响</h2>
<p>罗宾斯表示，思科目前并未看到对其软件资产的重大干扰风险，他将这些资产描述为专注于安全性、可观察性和网络基础设施，而非单一用途的 SaaS 应用程序。他表示，人工智能更可能改善思科的软件业务，而不是取代它们。</p>
<p>在内部，罗宾斯表示思科在客户服务、法律、销售和软件开发中使用人工智能。他提到有 27,000 名员工每天使用思科的专有人工智能前端 CIRCUIT。</p>
<p>展望未来，罗宾斯预测公司将在五年内需要成为 “人工智能原生”，安全性和网络将在大约 24 个月内融合，人工智能将推动重大生产力提升，特别是在美国。</p>
<h2>关于思科系统 NASDAQ: CSCO</h2>
<p>思科系统公司是一家全球技术公司，设计、制造和销售网络硬件、软件和电信设备。其核心业务专注于通过路由器、交换机、网络安全设备和无线系统等产品，使企业和服务提供商网络得以实现。随着时间的推移，思科扩大了其产品组合，强调软件定义网络、网络安全、云基础设施和边缘计算解决方案，帮助组织构建和管理现代 IT 环境。</p>
<p>除了硬件，思科还提供越来越多的网络管理、安全、分析和协作的软件平台和订阅服务。</p>
<p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送电子邮件至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 1,000 美元在思科系统吗？</h2>
<p>在考虑思科系统之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而思科系统并不在名单上。</p>
<p>虽然思科系统目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

思科

CSCL

<p>思科系统首席执行官查克·罗宾斯在摩根大通的技术大会上强调，公司正经历由人工智能驱动的显著需求，将当前阶段称为 “网络超级周期”。他提到人工智能基础设施目标的增加，并强调现代、安全网络的必要性。罗宾斯还讨论了思科在供应链和硅战略方面的竞争优势，以及人工智能在增强网络基础设施安全性方面的重要性</p>

<ul>
<li>Cisco’s Vertical Rally May Still Be in the Early Innings</li>
</ul>
<div class="lb-trans"><ul>
<li>思科的垂直反弹可能仍处于早期阶段</li>
</ul>
</div><p>Cisco Systems NASDAQ: CSCO Chairman and Chief Executive Officer Chuck Robbins said at JPMorgan’s Technology Conference that the company is seeing broad-based demand tied to artificial intelligence, describing the current environment as a “networking super cycle.”</p>
<div class="lb-trans"><p>思科系统公司（NASDAQ: CSCO）董事长兼首席执行官查克·罗宾斯在摩根大通的技术大会上表示，公司正在看到与人工智能相关的广泛需求，并将当前环境描述为 “网络超级周期”。</p>
</div><p>Get <strong>Cisco Systems</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>思科系统</strong> 的提醒：</p>
</div><p>In a keynote discussion with JPMorgan analyst Samik Chatterjee, Robbins said AI is increasing the need for “modern networks” and “secure networks” across hyperscalers, enterprises, sovereign clouds, neoclouds and public-sector organizations. He noted that Cisco recently raised its AI infrastructure target for the year to $9 billion from $5 billion.</p>
<div class="lb-trans"><p>在与摩根大通分析师萨米克·查特吉的主题讨论中，罗宾斯表示，人工智能正在增加对 “现代网络” 和 “安全网络” 的需求，涵盖超大规模企业、企业、主权云、新云和公共部门组织。他指出，思科最近将其年度人工智能基础设施目标从 50 亿美元提高至 90 亿美元。</p>
</div><ul>
<li>Jabil Quietly Manufactures an Accelerating Stock Price Rally</li>
</ul>
<div class="lb-trans"><ul>
<li>Jabil 悄然制造加速的股价反弹</li>
</ul>
</div><p>“Everything seems to be moving at the same time right now,” Robbins said. Comparing the current cycle with the dot-com era, he said AI-related investment is “bigger than anything we’ve seen” and is “happening faster.” He added that many of the companies spending heavily on AI today have strong balance sheets and cash flows, unlike many customers during the early 2000s internet buildout.</p>
<div class="lb-trans"><p>“现在一切似乎都在同时发生，” 罗宾斯说。他将当前周期与互联网泡沫时代进行了比较，表示与人工智能相关的投资 “比我们见过的任何东西都要大”，并且 “发生得更快”。他补充说，今天在人工智能上大量投资的许多公司拥有强劲的资产负债表和现金流，这与 2000 年代初互联网建设期间的许多客户不同。</p>
</div><h2>Security and networking converge around AI</h2>
<div class="lb-trans"><h2>安全与网络在人工智能中融合</h2>
</div><p>Robbins said the rise of agentic AI increases the need to embed security directly into networking infrastructure. He said AI agents operating independently across corporate systems will create latency and security requirements that cannot be handled solely by routing traffic through separate security appliances.</p>
<div class="lb-trans"><p>罗宾斯表示，代理人工智能的兴起增加了将安全性直接嵌入网络基础设施的必要性。他表示，独立运行的人工智能代理将在企业系统中产生延迟和安全需求，这些需求不能仅通过将流量路由到单独的安全设备来处理。</p>
</div><ul>
<li>Cisco Systems Below $82? Buy Now, It Won’t Last—$182 Is Coming</li>
</ul>
<div class="lb-trans"><ul>
<li>思科系统股价低于 82 美元？现在买入，它不会持续——182 美元即将到来</li>
</ul>
</div><p>“It’s going to have to be done in the network,” Robbins said.</p>
<div class="lb-trans"><p>“这必须在网络中完成，” 罗宾斯说。</p>
</div><p>He pointed to Cisco’s Smart Switches, which include CPUs or DPUs built into networking products, as an example of the company’s approach. Robbins said those products can run security services in line at line speed without degradation. He estimated that Smart Switches currently represent about 5% of what customers have been buying, but said Cisco expects that share to “escalate pretty quickly.”</p>
<div class="lb-trans"><p>他指出思科的智能交换机，这些交换机在网络产品中内置了 CPU 或 DPU，作为公司方法的一个例子。罗宾斯表示，这些产品可以以线速运行安全服务而不会降低性能。他估计，智能交换机目前占客户购买的约 5%，但表示思科预计这一份额将 “迅速上升”。</p>
</div><h2>Silicon One and supply chain seen as competitive advantages</h2>
<div class="lb-trans"><h2>Silicon One 和供应链被视为竞争优势</h2>
</div><p>Robbins said Cisco’s supply chain has become a competitive differentiator, citing the company’s scale, balance sheet and ability to make advance commitments. He said Cisco has made equity investments in parts of its supply chain, including a recent investment connected to securing memory supply from Nanya.</p>
<div class="lb-trans"><p>罗宾斯表示，思科的供应链已成为竞争差异化因素，引用了公司的规模、资产负债表和提前承诺的能力。他表示，思科在其供应链的某些部分进行了股权投资，包括最近与确保来自南亚的内存供应相关的投资。</p>
</div><p>He also said Cisco’s Silicon One strategy is central to its AI infrastructure opportunity. Without its own silicon, Robbins said, the $9 billion AI infrastructure figure “would probably be close to zero” because Cisco would otherwise be a distributor of merchant silicon.</p>
<div class="lb-trans"><p>他还表示，思科的 Silicon One 战略是其人工智能基础设施机会的核心。罗宾斯表示，如果没有自己的硅，90 亿美元的人工智能基础设施数字 “可能接近于零”，因为思科将成为商用硅的分销商。</p>
</div><p>Robbins said Cisco’s 2016 acquisition of Leaba enabled the company to build a single silicon architecture across its portfolio. By fiscal 2029, he said, all high-end systems across Cisco’s portfolio are expected to be powered by Silicon One.</p>
<div class="lb-trans"><p>罗宾斯表示，思科在 2016 年收购 Leaba 使公司能够在其产品组合中构建单一的硅架构。他表示，到 2029 财年，思科产品组合中的所有高端系统预计都将由 Silicon One 提供动力。</p>
</div><p>He said Cisco has offered hyperscale customers flexibility in how they buy its technology, including fully integrated systems, software-only offerings or silicon-only purchases. Robbins said that approach helped improve relationships with hyperscalers after Cisco previously “missed the cloud revolution.”</p>
<div class="lb-trans"><p>他说，思科为超大规模客户提供了购买其技术的灵活性，包括完全集成的系统、仅软件的产品或仅硅的购买。罗宾斯表示，这种方法帮助改善了与超大规模客户的关系，因为思科之前 “错过了云革命”。</p>
</div><h2>Hyperscaler demand, optics and scale-across architecture</h2>
<div class="lb-trans"><h2>超大规模客户的需求、光学和跨规模架构</h2>
</div><p>Robbins said hyperscalers face hurdles including energy availability, supply chain constraints, geography and local opposition to data center construction. He said Cisco received five hyperscaler design wins last quarter, including two in optics and three in systems.</p>
<div class="lb-trans"><p>罗宾斯表示，超大规模客户面临的障碍包括能源可用性、供应链限制、地理位置和对数据中心建设的地方反对。他表示，思科在上个季度获得了五个超大规模客户的设计胜利，包括两个光学和三个系统。</p>
</div><p>He highlighted Cisco’s P200 chip, which he said was custom-built for “scale-across” use cases that connect multiple AI data centers. Robbins said Cisco won two hyperscalers with scale-across use cases in the third quarter and was awarded a third hyperscaler’s scale-across architecture early in the current quarter.</p>
<div class="lb-trans"><p>他强调了思科的 P200 芯片，他表示该芯片是为连接多个人工智能数据中心的 “跨规模” 用例定制的。罗宾斯表示，思科在第三季度赢得了两个具有跨规模用例的超大规模客户，并在当前季度初获得了第三个超大规模客户的跨规模架构。</p>
</div><p>Robbins also said Cisco’s optics assets, including Acacia and Luxtera, have become more strategically important as AI infrastructure scales. He said pluggable optics can work with any vendor’s equipment and that optics spending is at least equal to switching spend, effectively doubling Cisco’s addressable market when combined with networking systems.</p>
<div class="lb-trans"><p>罗宾斯还表示，思科的光学资产，包括 Acacia 和 Luxtera，随着人工智能基础设施的扩展变得更加战略重要。他表示，可插拔光学可以与任何供应商的设备配合使用，并且光学支出至少与交换支出相等，有效地将思科的可寻址市场翻倍。</p>
</div><h2>AI security risks could accelerate refresh cycles</h2>
<div class="lb-trans"><h2>人工智能安全风险可能加速更新周期</h2>
</div><p>Robbins also discussed Anthropic’s Mythos model and other advanced AI models, saying they have quickly become a top concern for CEOs. He said Cisco had access to a version of Mythos without guardrails for seven weeks before it was discussed publicly and restricted its use internally to the company’s security team.</p>
<div class="lb-trans"><p>罗宾斯还讨论了 Anthropic 的 Mythos 模型和其他先进的人工智能模型，表示这些模型迅速成为首席执行官的首要关注。他表示，思科在公开讨论之前的七周内获得了没有保护措施的 Mythos 版本，并将其内部使用限制在公司的安全团队。</p>
</div><p>Robbins said the model has helped Cisco identify vulnerabilities in its own code that humans may not have found, while also showing the ability to create exploits. Cisco has open-sourced a framework, or “harness,” to help customers use models in security testing, and released a white paper called “Shields Up” with recommendations for preparing for advanced AI-driven threats.</p>
<div class="lb-trans"><p>罗宾斯表示，该模型帮助思科识别了其自身代码中的漏洞，而这些漏洞可能是人类未能发现的，同时也显示出创建漏洞的能力。思科已开源了一个框架或 “工具”，以帮助客户在安全测试中使用模型，并发布了一份名为 “Shields Up” 的白皮书，提供了为应对先进的人工智能驱动威胁做好准备的建议。</p>
</div><p>He said unpatched and end-of-support equipment across customer environments is a major concern. Robbins estimated that customer equipment past end of life represents at least “tens of billions” of dollars and potentially $100 billion to $200 billion. He said Cisco’s recently announced Cisco IQ can help customers inventory Cisco equipment and identify products past support or patching timelines.</p>
<div class="lb-trans"><p>他说，客户环境中未修补和过期的设备是一个主要问题。罗宾斯估计，过期的客户设备至少代表 “数百亿美元”，可能达到 1000 亿到 2000 亿美元。他表示，思科最近宣布的 Cisco IQ 可以帮助客户清点思科设备，并识别过期或未修补的产品。</p>
</div><p>Robbins said Cisco has not baked in assumptions about how quickly customers may refresh infrastructure in response to these risks, but said the threat environment could accelerate the cycle. He described the broader campus switching refresh as still early, using a baseball analogy: “We’re in the top of the first.”</p>
<div class="lb-trans"><p>罗宾斯表示，思科并没有假设客户可能会多快更新基础设施以应对这些风险，但表示威胁环境可能加速这一周期。他将更广泛的校园交换更新描述为仍处于早期阶段，使用棒球类比：“我们在第一局的上半场。”</p>
</div><h2>AI’s broader impact</h2>
<div class="lb-trans"><h2>人工智能的更广泛影响</h2>
</div><p>Robbins said Cisco is not currently seeing major disruption risk to its own software assets, which he described as focused on security, observability and network infrastructure rather than single-use SaaS applications. He said AI is more likely to improve Cisco’s software businesses than replace them.</p>
<div class="lb-trans"><p>罗宾斯表示，思科目前并未看到对其软件资产的重大干扰风险，他将这些资产描述为专注于安全性、可观察性和网络基础设施，而非单一用途的 SaaS 应用程序。他表示，人工智能更可能改善思科的软件业务，而不是取代它们。</p>
</div><p>Internally, Robbins said Cisco is using AI in customer service, legal, sales and software development. He said 27,000 employees use Cisco’s proprietary AI front end called CIRCUIT on a daily basis.</p>
<div class="lb-trans"><p>在内部，罗宾斯表示思科在客户服务、法律、销售和软件开发中使用人工智能。他提到有 27,000 名员工每天使用思科的专有人工智能前端 CIRCUIT。</p>
</div><p>Looking ahead, Robbins predicted that companies will need to become “AI native” within five years, that security and networking will fuse over roughly the next 24 months, and that AI will drive a major productivity boom, particularly in the U.S.</p>
<div class="lb-trans"><p>展望未来，罗宾斯预测公司将在五年内需要成为 “人工智能原生”，安全性和网络将在大约 24 个月内融合，人工智能将推动重大生产力提升，特别是在美国。</p>
</div><h2>About Cisco Systems NASDAQ: CSCO</h2>
<div class="lb-trans"><h2>关于思科系统 NASDAQ: CSCO</h2>
</div><p>Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.</p>
<div class="lb-trans"><p>思科系统公司是一家全球技术公司，设计、制造和销售网络硬件、软件和电信设备。其核心业务专注于通过路由器、交换机、网络安全设备和无线系统等产品，使企业和服务提供商网络得以实现。随着时间的推移，思科扩大了其产品组合，强调软件定义网络、网络安全、云基础设施和边缘计算解决方案，帮助组织构建和管理现代 IT 环境。</p>
</div><p>In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.</p>
<div class="lb-trans"><p>除了硬件，思科还提供越来越多的网络管理、安全、分析和协作的软件平台和订阅服务。</p>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送电子邮件至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in Cisco Systems Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1,000 美元在思科系统吗？</h2>
</div><p>Before you consider Cisco Systems, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑思科系统之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cisco Systems wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而思科系统并不在名单上。</p>
</div><p>While Cisco Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然思科系统目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

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思科系统的首席执行官认为人工智能将推动 “网络超级周期”