Cisco, IBD Stock Of The Day, Went From Slow-Growth Tech Icon To AI Infrastructure Leader

Cisco Systems stock (CSCO) is currently trading at $121.31, reflecting a 2.54% increase. The stock is rebounding from 50-day/10-week support and breaking a downward trendline. The company is working on a new base but needs another week. The IBD Composite Rating is 93/99, and the industry group ranking is 1/197. The emerging pattern observed is a flat base.