BUZZ-Cisco rises on expanded AI partnership with Nvidia

Shares of Cisco CSCO.O rise 2.3% to $64.70 before the bell

Co announced plans for an expanded partnership with AI-heavyweight Nvidia NVDA.O to provide AI-linked technology to businesses

Says co and NVDA intend to build powerful computer networks needed to run AI by making a simple, ready-to-use architecture that combines its products

Says NVDA will let CSCO's Silicone One chips be the only chips that will work directly with its Spectrum X system, along with NVDA's special network cards called SuperNICs

Says CSCO will now create complete systems that combine NVDA's Spectrum chips with CSCO's own network software

Up to Monday's close, Cisco shares were up 6.8% YTD after gaining ~17.2% in 2024