Cisco’s AI Revenue Opportunity Is ‘Immense and Growing Quickly,’ Says Morningstar — CEO Touts A ‘Networking Supercycle’
Morningstar expects Cisco’s hyperscaler AI revenue to reach $7.5 billion in fiscal 2027, citing a healthy revenue backlog after bagging $9.3 billion in AI infrastructure orders. Morningstar said Cisco is “converting AI demand into revenue faster than anticipated,” with AI infrastructure orders creating a backlog that should begin flowing through revenue in the coming year. … Read more