Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance

Cisco Systems Inc. shares fell 9% despite reporting an earnings beat and stronger-than-expected guidance, as investors remained unsatisfied with the results even though the company highlighted booming demand for AI infrastructure.

Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance Source: CNBC Technology https://www.cnbc.com/technology/ Cisco is showing booming demand for AI infrastructure, but its results weren't good enough to satisfy investors. Get AI news in your inbox Daily digest of what matters in AI.