After Dell And HPE's AI-Fueled Surge, Is Cisco The Next 1990s Tech Giant To Break Out?

For much of the AI boom, investors focused on the obvious winners: Nvidia Corp. (NASDAQ: NVDA ) and memory-chip makers such as Micron Technology Inc. (NASDAQ: MU ) . But a quieter trend has emerged over the past month. Some of the biggest stock-market winners have been a group of former 1990s technology titans once associated with PCs, networking equipment and enterprise hardware. Dell Technologies Inc.   (NYSE: DELL ) and  Hewlett Packard Enterprise Co.   (NYSE: HPE ) have roughly doubled in a month.  Cisco Systems Inc.   (NASDAQ: CSCO ) and International Business Machines Corp.   (NYSE: IBM ) have both risen by 40%. The common denominator is artificial intelligence infrastructure. Dell Showed How Fast The Demand Is Compounding The market’s sudden enthusiasm for Dell and HPE stems from a simple realization: building AI requires far more than chips. Think of the artificial intelligence boom as a new kind of factory. The chips from  Nvidia Corp.   (NASDAQ: NVDA ) are the engines. But an engine alone moves nothing. It needs a chassis, wiring, cooling and a power supply. In the data center those are the servers, ... Full story available on Benzinga.com