Cisco (CSCO) has reportedly agreed to invest in AI startup CoreWeave, valuing the company at $23 billion, according to Bloomberg. Cisco is the latest company to invest in CoreWeave, joining the likes of Nvidia (NVDA), Fidelity, and Jane Street. Catalysts Hosts Seana Smith and Madison Mills report more on the story and break down what it signals about the broader AI trend. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Recently, Zacks.com users have been paying close attention to Cisco (CSCO). This makes it worthwhile to examine what the stock has in store.
(Bloomberg) -- Cisco Systems Inc. agreed to invest in CoreWeave, a cloud-computing provider that’s among the hottest startups in artificial intelligence, as part of a transaction that values the company at $23 billion, according to people with knowledge of the matter.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Brutalist Provoca