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Cisco upgraded by UBS as AI network demand rises; Nvidia gains on export approvals
UBS upgraded Cisco with a 20% upside outlook as AI network demand improves, while Nvidia gained momentum after receiving key export approvals.
UBS upgraded Cisco Systems with a price target implying nearly 20% upside, citing improving visibility in enterprise network spending tied to AI-driven data-center growth. The brokerage said refreshed hardware cycles and enhanced security features strengthen Cisco’s positioning. Nvidia also saw fresh buying interest after regulators approved select chip exports, easing concerns around supply-chain constraints.
Analysts noted that the developments highlight strengthening investor conviction in companies supporting the global AI compute infrastructure stack.