Cisco Reports Growth Driven by AI Demand; Global Semiconductor Sales Surge 19.1% to $627.6 Billion with 40% CAPEX Increase

Cisco Systems Inc. is experiencing growth driven by increased demand for artificial intelligence (AI) and enterprise networking solutions, according to recent financial reports. The company is also focusing on data processing units (DPUs) as part of its strategy. Meanwhile, overall capital expenditure (CAPEX) spending in the technology sector is expected to rise by 40% this year. In the broader semiconductor market, global sales surged by 19.1% in 2024, reaching $627.6 billion, fueled by high demand for AI technologies. This marks the first time semiconductor sales have surpassed the $600 billion threshold, highlighting the sector's robust performance amid ongoing advancements in AI and related technologies.