On October 2, Cisco rose 3.01% in regular trading, trading at $111.60 per share, with turnover of $326 million. The move was supported by a series of recent AI infrastructure collaboration announcements that reinforced investor confidence in the company's positioning within the AI buildout cycle.

Most notably, Bell Canada and Cisco signed a memorandum of understanding on September 29 to collaborate on a sovereign AI infrastructure offering in Canada. The partnership will combine Bell's data center, network, and operations capabilities with Cisco's AI infrastructure monitoring, management, and Sovereign Critical Infrastructure technologies. The two companies will focus on building a Canadian platform for sovereign AI and developing flexible commercial models for modular AI deployments.

This deal adds to a string of high-profile AI partnerships for Cisco, including an expanded Splunk AI agent collaboration with NVIDIA in mid-September, a joint venture with AMD and Saudi Arabia's HUMAIN targeting up to 1 GW of AI infrastructure by 2030, and a Secure AI Factory expansion with Supermicro and NVIDIA. Morgan Stanley has noted that Cisco is entering a more durable growth phase, maintaining an Overweight rating with a $135 price target.

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