Cisco Eyes Trade Resolution Between US and China for Business Prosperity
Geneva, Switzerland - Cisco CEO Chuck Robbins has emphasized the significance of a harmonious relationship between the US and China for global economic stability and business growth.
At the World Economic Forum, Robbins expressed optimism about the Trump administration's efforts to foster dialogue between the two nations. As the current chair of the Business Roundtable, he aims to align CEOs on trade policy and advocate for the extension of expiring tax cuts.
Cisco has a substantial presence in China, employing over 4,000 individuals in various roles. Despite a 35% decline in product revenue in 2024 due to competition, the company remains focused on leveraging its influence to extend business-friendly policies.
Amidst growing AI infrastructure investment, Cisco's stock has experienced a recent surge, outperforming the S&P 500. The company's first-quarter earnings exceeded expectations, and optimism surrounds its acquisition of Splunk.
Analysts anticipate continued stock growth as Cisco plays a pivotal role in developing the world's AI infrastructure, similar to its role in shaping the internet in earlier decades. Networking sales, a key metric for Cisco's performance, have rebounded, fueling hopes for further gains.