Cisco Slides on Tariff Fears as Georgetown Wi-Fi 7 Deal Signals AI Infrastructure Push
Cisco Systems (CSCO) shares fell 2.45% to $73.35 amid broader tech sector weakness following renewed U.S. tariff threats on European imports. The stock now trades 9% below its 52-week high as investors await February 11 earnings for clarity on enterprise tech demand.
Georgetown University's Wi-Fi 7 network upgrade with Cisco underscores the networking giant's pivot toward AI-ready infrastructure. The multi-year partnership positions Cisco as a key enabler of high-performance campus networks capable of handling AI workloads—a strategic MOVE as institutions globally modernize digital frameworks.
SharonAI's collaboration expands Cisco's AI cloud footprint in Asia-Pacific, counterbalancing near-term tariff concerns with long-term growth catalysts in AI and blockchain-adjacent technologies.