1 Overlooked Tech Giant Getting An AI Boost -- Why It's A Dividend Stock Investor Buy
Next-gen computing technology is all the rage right now, spurred on by generative AI services. Meanwhile, on the investing side of this equation, it's becoming increasingly clear that mega tech companies have a big advantage. Generative AI is incredibly expensive to develop, and massive amounts of data to train effective AI is hard to come by unless you're a large business.
One of the big businesses that seems to be enjoying a resurgence on this front is old networking and software giant Cisco (NASDAQ: CSCO). For years, it's mostly gone by the wayside in favor of cloud-based upstarts. But Cisco is more than holding its own right now and could be a dividend investor's dream stock.
Cisco is the big network infrastructure leader, rising to fame as it helped build the internet itself in the 1990s. It's a new era dominated by the cloud, pervasive connectivity, and AI, but Cisco is still very much relevant.
Source Fool.com
Cisco Systems Inc. Stock
We see a rather positive sentiment for Cisco Systems Inc. with 12 Buy predictions and 1 Sell predictions.
With a target price of 56 € there is a positive potential of 26.15% for Cisco Systems Inc. compared to the current price of 44.39 €.
