BNN Bloomberg
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May 14, 2026
· 2 min read
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Cisco shares hit record on strong forecast, AI push with job cuts - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Signal breakdown
Heuristic (v1/v3)
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ML v2 (DistilBERT)
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Ensemble
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Rolling outlet bias
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Article Excerpt
Cisco shares surged 17 per cent to a record-high on Thursday, set for their biggest single-day gain in over two decades, after it posted AI demand-powered strong results and announced nearly 4,000 job cuts to redirect investments into technology.
The jump, if sustained, would mark the best day for the stock since a robust earnings reports in May 2002 sparked a furious rally in the aftermath of the dotcom crash.
The networking gear maker’s near-US$400 billion market capitalization was set to swell by about US$70 billion.
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Cisco has emerged as a big winner …
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