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Cisco Systems shares fell 6% in after-hours trading as the company’s strong Q2 results were overshadowed by weaker-than-expected gross margins and cautious guidance, disappointing investors amid AI-driven growth expectations.
Wall Street analyst Dan Niles has named Cisco Systems and Apple as his top stock picks for the year, citing AI-driven growth prospects and innovation in device form factors, while also highlighting Impinj, Boeing, and Nike as stocks to watch.