Cisco Systems is trading 3.33% up now at $111.33 after technology stocks rallied on renewed AI optimism and a broader market recovery following the September 16 Federal Reserve rate hike.
- Established AI-networking momentum includes $9.3 billion in fiscal 2026 hyperscaler orders and a $7.5 billion fiscal 2027 revenue target, reinforcing sentiment.
- The Nasdaq is up 1.66% and XLK is up 1.56%, indicating a broad technology-sector rebound.
- No new September 17 company-specific announcement directly explains the move.