🟢 XLK is trading 1.5% up today as Cisco surges on record revenue and raised AI outlook

XLK is trading 1.5% up today as Cisco Systems shares surge nearly 20% following record Q3 revenue and a significant boost to its AI infrastructure outlook.

• Cisco reported record Q3 revenue of $15.8B and raised its AI infrastructure forecast to $9B, driven by strong hyperscaler orders.
• The tech sector is seeing broad gains alongside a 0.91% rise in the NASDAQ, supported by positive sentiment from Trump-Xi talks which is offsetting inflation concerns.