** 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
(Reporting by Rishi Kant in Bengaluru)
((Rishi.Kant@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.