Cisco Gains as AI Infrastructure Orders Accelerate Networking Refresh
The London Company’s Q2 2026 investor letter for its Income Equity Strategy noted that U.S. equities rebounded on AI infrastructure spending and strong earnings, while energy and defensive sectors lagged after a U.S.-Iran peace deal lowered oil prices. Cisco Systems contributed as AI infrastructure demand accelerated and its campus networking refresh cycle gained momentum, though negative cash flow in major tech firms, geopolitics, and high valuations may limit future returns.