<div id="readability-page-1">Record AI orders: Cisco lifted its fiscal 2026 AI infrastructure order target to $9 billion, nearly double prior guidance, after strong demand from hyperscalers. Restructuring for growth: Up to 4,000 jobs will be cut as funds shift to AI, silicon, optics, and security, with some affected staff potentially redeployed internally. Market reaction: Shares have soared 87% in the past year, outpacing the S&amp;P 500, with analysts boosting price targets as high as $150.</div>

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<p>Cisco has raised its fiscal 2026 AI infrastructure order target to $9 billion due to strong demand, nearly doubling previous guidance. The company plans to cut up to 4,000 jobs as it reallocates funds towards AI and other technologies. Cisco's stock has surged 87% over the past year, with analysts raising price targets to as high as $150.</p>

Cisco stock hits record as AI orders surge to $9B