From Yahoo Finance: 2025-05-18 07:06:00

US President Donald Trump concludes Middle East tour, finalizing deals with Saudi Arabia, Qatar, and UAE. UAE and US partner on AI data center project, signaling Abu Dhabi’s push to become a global AI hub. Trump pledges over $200 billion in deals with UAE and deepens cooperation in artificial intelligence.

Trump and UAE establish “US-UAE AI Acceleration Partnership,” unveiling 5GW AI campus. American companies to operate data centers in UAE, offering cloud services across the region. Agreement includes security guarantees to prevent diversion of US technology. Details on AI chips from companies like Nvidia not specified.

Cisco Systems, Inc. (CSCO) upgraded to “Overweight” by Wells Fargo, citing AI momentum after strong earnings report. Stock price target raised to $75 from $72. Company surpasses $1 billion cumulative order target for fiscal year. Potential for diversification into large-scale sovereign AI opportunities and traditional enterprise adoption.

CSCO ranks 7th on trending AI stocks list. While promising, other AI stocks may offer higher returns with limited downside risk. For an AI stock with 100x upside potential, explore report on the cheapest AI stock. Consider alternative investments for greater returns in the AI sector.

Read more: Wells Fargo Upgrades Cisco (CSCO) Stock to Overweight, Raises PT to $75