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UBS turns bullish on Cisco as AI infrastructure demand improves outlook
UBS upgraded Cisco with a 20% upside outlook as AI infrastructure demand rises, while Nvidia gained momentum following approvals easing supply constraints.
UBS upgraded Cisco Systems and assigned a target price implying nearly 20% upside, citing improved visibility around enterprise network spending and rising adoption of AI-related infrastructure. The brokerage noted that Cisco’s product pipeline and refreshed hardware cycles position the company to benefit from data-center expansion and higher global cloud activity.
Nvidia also saw renewed buying interest after receiving approval for select export shipments, easing concerns around supply constraints. The developments reflect strengthening sentiment for companies tied to the AI compute ecosystem.