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Oppenheimer Invests Heavily in Cisco Systems Amid AI-Fueled Growth

Guavy AI Editorial Team
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CSCO
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Oppenheimer Asset Management Inc., a significant institutional investor, has purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO), valued at approximately $81.58 million.

The company acquired 694,571 shares of the network equipment provider's stock during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission.

Cisco Systems comprises 0.8% of Oppenheimer Asset Management Inc.'s holdings, making it the firm's 21st largest holding.

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