Cisco (CSCO) pops on AI demand

Cisco CEO Chuck Robbins told CNBC on Thursday that skyrocketing demand for artificial intelligence tools and equipment is powering the industry toward a “networking supercycle.” Shares jumped 14% and headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler guidance orders for the fiscal year and lifted…

Read More

NAACP alleges new Tennessee congressional map intentionally discriminates on basis of race

The NAACP alleged in a lawsuit filed in federal court Wednesday that Tennessee’s new congressional map intentionally discriminates on the basis of race. The legal action follows lawmakers’ decision to desegregate the state’s only majority-Black district through a Republican-friendly map, threatening the position of the only Democrat in Tennessee’s nine-member delegation. Many southern states moved…

Read More