Thanks in part to the surge in artificial intelligence investment, Cisco Systems Inc., a symbol of the dot-com technology revolution, has hit a record after 25 years.
On Wednesday, shares increased 0.9% to $80.25, surpassing a peak that had stood for more than 25 years. Up until late 2015, the tech-heavy Nasdaq 100 Index reached its peak on March 27, 2000, which many consider to be the peak of the dot-com bubble.
The gains on Wednesday were a part of a larger surge in US stocks following the Federal Reserve's third consecutive rate decrease. The Nasdaq 100 Index increased by 0.4%, while the S&P 500 Index increased by 0.7%.
Also Read: Ola Electric shares, down 80% from peak may react after S&P Global cuts
Investors and market analysts are comparing today's Magnificent Seven-led rally t

CNBC-TV18

The Times of India
The News Virginian Politics
America News
CNN Politics
PC World