Chuck Robbins Says AI Is Fueling a "Networking Supercycle." Cisco's Guide Puts a $7.5 Billion Number on It.

New Development Bank plans $7.5 billion funding to deepen rupee lending

The New Development Bank is set to invest $7.5 billion in India, focusing on local currency financing aimed at strengthening emerging economies. By launching a rupee bond program, the bank aims to enhance India's domestic capital markets. This initiative reflects the bank's commitment to diversifying international financial structures, capitalizing on the substantial growth prospects that India's development presents.

Chuck Robbins Says AI Is Fueling a "Networking Supercycle." Cisco's Guide Puts a $7.5 Billion Number on It.

The networking giant's new outlook calls for 15% growth -- so why did shares drop more than 8%?

Cisco Beats on Earnings But Stock Falls on AI Bar

Cisco Systems delivered a fiscal fourth-quarter beat on both the top and bottom lines Wednesday, yet its stock dropped in extended trading anyway — a reminder that in this market, “good” earnings aren’t always good enough. The networking giant posted earnings of $1.22 per share against a Wall Street estimate of $1.17, while revenue climbed 18% year-over-year to $17.25 billion, comfortably ahead of the $16.84 billion analysts had modeled. Net inc…