Cisco (CSCO): Memory Price

Cisco has wrapped up the best fiscal year in its history: record revenue, explosive growth in orders for artificial intelligence equipment, and the strongest annual outlook in many years. However, the market’s reaction to these records turned out to be unexpected, and our June scenario played out exactly as predicted. We’ll break down the cost to the company of rising memory prices, why major banks are talking about a peak in growth, and which levels on the chart are now key.