In the spotlight: A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain. The company’s shares rose 2.8% on Wednesday. — Reuters
CISCO SYSTEMS INC investors have waited more than 25 years for this moment, with the stock trading at levels last seen during the peak of the dot-com era.
But as is so often the case in the technology world these days, whether the shares can clear that hurdle and set a new record depends on how much artificial intelligence (AI) accelerates the company’s growth.
