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On February 12, Cisco (CSCO.O), the world's largest manufacturer of computer networks and internet equipment, released an optimistic earnings forecast for the current quarter, indicating that it is attracting a significant number of customers building artificial intelligence (AI) systems. Cisco expects revenue for the fiscal quarter ending in April to reach between $15.4 billion and $15.6 billion, surpassing Wall Street's average forecast of $15.2 billion. To meet the massive data processing demands of AI data centers, Cisco has been adjusting its chips and network equipment. Analyst Woo Jin Ho noted that AI remains a strong incremental sales driver, with large data center operators continuously expanding their AI infrastructure deployments, driving demand for higher-capacity networks. Last year, Cisco's stock price rose by 30%.
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