Cisco Systems(US:CSCO) 美股IPO·2025-12-11 03:50Core Viewpoint - Cisco's stock price has risen 0.9% to $80.25, surpassing the record high set on March 27, 2000, which is seen as a sign of restored investor confidence but also highlights the lengthy recovery process from the dot-com bubble [1][4][5] Group 1: Stock Performance and Market Context - Cisco's stock has finally exceeded the peak reached during the internet bubble, marking a significant recovery that took over 25 years [4] - The recent stock increase is attributed to a broader market rebound following the Federal Reserve's third consecutive interest rate cut, with the S&P 500 and Nasdaq 100 indices also showing gains [5] - Cisco's stock has increased over 800% since its low point after the bubble burst, although its market capitalization remains over 40% lower than its peak during the internet bubble [6] Group 2: Revenue Expectations and AI Infrastructure - Cisco's recent surge is driven by strong revenue forecasts, with expected sales of up to $61 billion for the fiscal year ending in July, exceeding Wall Street expectations by approximately $1 billion [7] - The company is positioning itself to benefit from the significant investments in AI infrastructure by global enterprises, which has led to optimistic growth projections [7] - Despite the positive outlook, there are lingering doubts on Wall Street regarding the sustainability of the AI spending boom and concerns about the accounting practices related to it [8]