Forget Nvidia: This Networking Giant Just Landed $2.1 Billion in AI Orders, and Nobody’s Talking About It

There’s a “dead” company reawakening right now, and very few people are talking about it. During the second quarter of fiscal 2026, Cisco (NASDAQ:CSCO) pulled in $2.1 billion in AI infrastructure orders from hyperscalers like AWS, Microsoft (NASDAQ:MSFT | MSFT Price Prediction), and Google (NASDAQ:GOOG, NASDAQ:GOOGL), up from $1.3 billion just the quarter before. That single-quarter figure actually matched everything Cisco booked across all of fiscal 2025, which tells you just how quickly this is accelerating.

Cisco was the worst-hit stock during the Dot Com bubble and lost over 80% of its market value after the bubble peaked. Since then, the stock has mostly been forgotten, and no investor has thought of it as a hot growth stock, up until very recently.

Cisco is heating up again because the world suddenly cares about networking again. This time, CSCO stock can surge a lot higher if the momentum keeps up.

Hyperscalers can’t stop buying from Cisco

Cisco booked $2.1 billion from hyperscalers in just one quarter, and those bookings are well-positioned to keep growing. Its Silicon One networking chips and high-performance routers/switches are being used by several of the largest webscale players for AI training and inference networks. Plus, there’s a big “refresh cycle” underway as enterprises upgrade campus networks, Wi‑Fi, and data center kit to handle far more traffic.

It is the largest networking…