Cisco Systems (NASDAQ: CSCO) is set to join an international consortium to build artificial intelligence infrastructure, causing its shares to rise by over 1%. The partnership with AMD and Humain in Saudi Arabia aims to deploy 1 gigawatt of AI infrastructure by 2030, boosting Cisco’s revenue potential.

The collaboration was announced during President Trump’s visit to Saudi Arabia and Crown Prince Mohammed bin Salman’s trip to the U.S. Cisco CEO Chuck Robbins expressed enthusiasm for helping Saudi Arabia achieve its digital economy vision. While financial details are lacking, this long-term project is expected to enhance Cisco’s networking position and revenue streams.

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