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Big tech companies such as Nvidia (NVDA), Microsoft (MSFT), Meta (META), and Alphabet (GOOGL) continue to dominate the artificial intelligence (AI) narrative in 2025. However, Cisco (CSCO) is another AI stock that is quietly flying under the radar.
Melius Research calls Cisco a “hidden” sovereign AI investment due to its overlooked relationship with Saudi Arabia. Analyst Ben Reitzes reiterated a “Buy” rating with $78 price target, noting Cisco's recent sovereign AI deals with Saudi Arabia and the United Arab Emirates to build secure cloud-based AI infrastructure.