Cisco's stock pops 17% on surging AI orders, as company says it's cutting almost 4,000 jobs

May 14, 2026 - 08:06
Cisco's stock pops 17% on surging AI orders, as company says it's cutting almost 4,000 jobs
Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing to rally in 2026.