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Cisco Sinks 7% on Margin Squeeze Despite AI Order Surge—What It Means for Chip Stocks

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Cisco stock fell 7% despite an EPS/revenue beat, as gross margin compression from AI hardware mix overshadowed strong FY2026 AI order growth of $9.3B and raised guidance.
  • Analysts split on margin risk vs.
  • volume upside.
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AVGO price history

361.99 -3.69% over the displayed period

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