Meta Platforms (META) just handed the AI buildout a massive new catalyst by agreeing to buy advanced chips from Advanced Micro Devices (AMD) in a deal reportedly worth up to $100 billion over several years, focused on large-scale AI data centers. That kind of budget reshapes chip demand and forces a rethink of the networks, switches, and security layers needed to keep AI models fed with data at high speed.
As the spotlight shifts, the AMD-Meta deal hitting the tape sent networking names tied to AI infrastructure higher, and Cisco Systems (CSCO) quickly stood out as one of the clear winners. CSCO stock has pushed to new highs on growing AI-focused orders and still offers an annual dividend payout of $1.64 per share. That combination is exactly why this networking stock is set to benefit from the AMD-Meta deal while continuing to pay a dependable dividend. Let’s dive in.
