Higher-than-expected AI infrastructure orders boosted Cisco’s revenues, with the company beating earnings expectations and cheering a “massive opportunity ahead.”

Cisco Posts Higher Earnings, Revenue on AI Infrastructure Demand

Cisco Systems Inc. is scheduled to report earnings after Wednesday’s close. The stock hit a record high of $82/share in March 2000 and is currently trading near $70/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong.

Nvidia stock was falling as Advanced Micro Devices gained. One analyst says the reigning chip leader will soon face a bigger challenge from AMD.

President Trump’s reversal on previously blocked chip sales to China has sparked cries that the White House is selling out America’s security concerns in a bid to raise revenue. Trump on Monday agreed to allow tech giants Nvidia and AMD to secure export licenses to sell their advanced artificial intelligence (AI) chips in China in

Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have been at the center of the contentious debate over AI chip export licensing to