🟢 CSCO is trading 15% up today on Q3 earnings beat and AI-focused restructuring

CSCO is trading at $117.03 (+14.88%) on a Q3 earnings beat and a strategic shift toward AI-driven growth.

• Revenue reached $15.8B (+12% YoY) while AI infrastructure orders guidance was raised to $9B.
• The company announced ~4,000 job cuts to reallocate up to $1B in resources toward AI infrastructure.
• Shares are significantly outperforming the broader market, which is up roughly 0.5% today.