Cisco Posts Record Results From AI 'Supercycle' as Data Center Stocks Rebound, Cramer Says
Cisco reported record results driven by what the company describes as an AI 'supercycle,' though its stock pulled back despite the strong numbers, according to MarketWatch.
Separately, CNBC’s Jim Cramer said the AI data center trade is regaining market leadership after a stretch of forced selling had weighed on the group, according to CNBC. Cramer pointed to six stocks he sees leading the comeback, though the specific names were not detailed in the summary reviewed.
CNBC’s Investing Club also weighed in ahead of its August Monthly Meeting, noting that three stocks in the AI trade have surged back while three others have stumbled since the group’s last meeting, according to CNBC. The Investing Club report did not specify which stocks fell into each category.
Together, the reports point to renewed volatility and a partial recovery in AI-linked data center stocks, with Cisco’s results serving as one data point in a broader rotation that Cramer and CNBC’s Investing Club are tracking heading into their next meeting.
Sources: MarketWatch, CNBC
This article is for information only and is not financial advice.
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