Cisco Wants to Make AI Chips, Too -- Are Broadcom and Marvell in Trouble?
It's been a transformational year for old networking technology giant Cisco Systems (NASDAQ: CSCO). An investor favorite of the 1990s and early 2000s, the internet and networking infrastructure provider enjoyed a resurgence as of late from its bets on the cloud and recurring revenue services, much like its old dot-com-era tech titan peer Oracle. For its latest trick, Cisco says it has a new family of semiconductors, the G200 and G202, used for AI applications.
This specific domain of the semiconductor industry that Cisco entered is historically the turf of Broadcom (NASDAQ: AVGO) and Marvell Technology Group (NASDAQ: MRVL), which also announced expectations for rapid growth from AI chips in recent months. Both chip stocks ran higher on the news of renewed investor optimism.
Is Cisco's latest effort about to rain on this parade?
Source Fool.com
Cisco Systems Inc. Stock
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 26.27% compared to the current price of 44.35 € for Cisco Systems Inc..
