Cisco do not have real ai strategy . Routers are routers. Even their ai factory is yet another box just with label nvidia on it . No major investment needed.

All that observability tooling around is only benefiting ai wave . They can vibe re-write everything .

At this point Cisco is a conglomerate that does everything and nothing. They own so many different verticals that even people working there don't really know what cisco fully does anymore.

But I agree though, this is an artificial stock pump because of the rush for picks and shovels.