Cisco had monster quarter with AI-fueled beat and raised guidance
Jim Cramer
Chuck Robbins
Record quarter with $1.3B in AI infrastructure orders from hyperscalers, expects to double last year's hyperscaler business
Asks about security division performance and Splunk integration challenges
Jim Cramer
Chuck Robbins
Security business making progress but accounting treatment of cloud deals affecting revenue recognition timing
Questions Nvidia partnership significance and business volume
Jim Cramer
Chuck Robbins
Building Ethernet switch with Nvidia silicon, expanding ecosystem partnerships with Middle East sovereign clouds
Asks about comparison to 1999-2000 tech bubble and current bearish sentiment
Jim Cramer
Chuck Robbins
Current AI spenders have incredible balance sheets, cash flow, and profitability unlike 2000 bubble companies
Chuck Robbins
AI technology still early with physical AI, robotics, and agentic systems yet to develop
Points out OpenAI doesn't fit the strong balance sheet profile Robbins described
Jim Cramer
Chuck Robbins
OpenAI is early but key technology provider, partnership strong and using their technology internally
Chuck Robbins
Sees continued acceleration of hyperscaler spending and confidence in balance of the year