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☆ A big win for Wells Fargo — plus what's dragging down Google parent Alphabet
▼ + stars: | 2024-02-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

One more down: Shares of Wells Fargo hit a new 52-week high after the Office of the Comptroller of the Currency terminated a 2016 consent order linked to its sales practices. This is the sixth consent order that regulators have terminated since 2019. Every consent order that is resolved brings the bank closer to having the Federal Reserve lift the asset cap that's been holding it back since February 2018. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Linde, Wells Fargo, Charlie Scharf, there's, GOOGL, It's, Jim Cramer's, Jim, Krisztian Bocsi Organizations: CNBC, Air Products, Chemicals, Bank of America, Energy, Cisco Systems, Wells, Currency, Federal Reserve, Microsoft, Google, Materials, University of Michigan, PPI, Jim Cramer's Charitable, Shell Plc, BASF, Linde AG, Bloomberg, Getty Locations: We're, Bank, Wells, Coinbase, Leuna, Germany

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Snowflake, Coinbase, Skechers, Tesla, Berkshire Hathaway & more
▼ + stars: | 2024-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Thursday's biggest calls on Wall Street: Macquarie downgrades Sony to neutral from buy Macquarie said it sees a more balanced risk/reward for the entertainment company. "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral." Deutsche Bank reiterates Rocket Lab as a top pick Deutsche said it's standing by its bullish status on the space company. " Bank of America initiates Super Micro as buy Bank of America said the server and storage solutions company is an AI beneficiary. Bank of America reiterates Uber as buy Bank of America said it's feeling more bullish after the company's investor day.

Persons: Macquarie, Davidson, DA, Piper Sandler, Piper, KeyBanc, Evercore, Skechers, Price, Bernstein, underperform Bernstein, Redburn, Eastman, Morgan Stanley, Wells, Morgan Stanley downgrades, Guggenheim, Generac, Uber, Tesla, KBW, Berkshire Hathaway Organizations: Macquarie, Sony, JPMorgan, Deutsche Bank, Deutsche, Nvidia, Citi, FedEx, Apple, HSBC, GE Healthcare, GE, Crypto, UBS, Downside, Eastman Chemical, Comcast, Cisco, Cliffs, Steel, " Bank of America, Air Products, of America, Linde, Bank of America, Micro, Inc, Guggenheim, Mizuho, Energy, BMO, CNBC, & $ Locations: Nashville, China, Morgan Stanley downgrades Cleveland

☆ Stocks making the biggest moves premarket: Deere, Cisco, Arm, Super Micro and more
▼ + stars: | 2024-02-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Twilio -- Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Tripadvisor -- Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. JFrog -- Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. Shake Shack -- Shares of the restaurant stock climbed nearly 17% after the firm beat Wall Street estimates on the top and bottom line.

Persons: Twilio, Bitcoin, Tripadvisor, JFrog, FactSet, Shack, John C, bitcoin, — CNBC's Hakyung Kim, Sarah Min, Pia Singh Organizations: Cisco —, Cisco, JPMorgan, Wall, LSEG, Deere, Bank of America, Nvidia, AMD, Intel, Marathon Digital Holdings, Arm Holdings, Holdings

☆ Stocks making the biggest moves midday: Cisco Systems, Twilio, Super Micro Computer and more
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Super Micro Computer — The technology name added 8.5% after Bank of America said shares could rise to $1,040, a Wall Street high. For the recent quarter, Applovin reported earnings of 49 cents per share and $953 million in revenue. However, the company beat first-quarter earnings and revenue estimates. JFrog — The software development stock skyrocketed 25% after topping Wall Street's fourth-quarter estimates. That topped FactSet estimates 12 cents per share in earnings on $93 million in revenue.

Persons: Twilio, Applovin, Deere, Tripadvisor, Albemarle —, — Coinbase, —, JFrog, Penn, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Brian Evans, Christina Cheddar Berk Organizations: Cisco Systems, Cisco, LSEG, Bank of America, Wells, Currency, Deere, Albemarle, JPMorgan, Chrysler, Fiat, Penn Entertainment, ESPN Bet Locations: North Carolina

☆ Cisco CEO attributes light forecast to cautious customers and an 'inventory consumption issue'
▼ + stars: | 2024-02-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday post-earnings interview with CNBC's Jim Cramer, Cisco CEO Chuck Robbins listed several factors that lead to a light quarterly and full-year forecast, including weakness in orders from its service provider customers. "First of all, we saw more caution with our customers this quarter than we saw in the prior quarter," Robbins said, adding that inventory consumption is taking longer than the company expected. Robbins also said there was "continued weakness" in demand from its telecommunications and cable service provider clients, with orders down 40% for the quarter. "Those three things lead us to revise guidance for the rest of the year," he said. Cisco also announced on Wednesday it will be cutting 5% of its workforce, or about 4,000 jobs, mirroring layoffs happening at other tech companies.

Persons: CNBC's Jim Cramer, Chuck Robbins, Robbins, we'll Organizations: Cisco

☆ New Street's Delano Saporu rates Shake Shack a buy, here's why
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Street's Delano Saporu rates Shake Shack a buy, here's whyDelano Saporu, New Street Advisors founder and CEO, joins 'The Exchange' to discuss how to trade Cisco, Occidental Petroleum, and Shake Shack.

Persons: Delano, Delano Saporu Organizations: New Street Advisors, Cisco, Occidental Petroleum

☆ Cisco earnings on the deck: What you need to know
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco earnings on the deck: What you need to knowThe 'Investment Committee' gives you their earnings setup on Cisco Systems, reporting in overtime today.

Organizations: Cisco, Investment, Cisco Systems

☆ What's driving the market rebound on Wednesday — and why we're buying the dips
▼ + stars: | 2024-02-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rebound: Stocks are bouncing from Tuesday's declines, taking their cue from rallying bond prices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Cramer, Kraft Heinz, Gamble, didn't, Stanley, Jim Cramer's, Jim, Dupont Organizations: CNBC, Nvidia, Meta, Constellation Brands, Procter, Energy, DuPont, Starbucks, Cisco Systems, Occidental Petroleum, Deere, Penn Entertainment, Jim Cramer's Charitable, Getty Locations: We're, North America, DuPont's, Wilmington , Delaware

☆ Cisco CEO: We will resolve our inventory consumption issue by the end of 2024
▼ + stars: | 2024-02-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO: We will resolve our inventory consumption issue by the end of 2024Cisco Chair and CEO Chuck Robbins joins 'Mad Money' host Jim Cramer to talk quarterly results.

Persons: Chuck Robbins, Jim Cramer Organizations: Cisco

☆ What the latest inflation data means for interest rates
▼ + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.

Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London

☆ Stock futures are little changed as market rally seeks to regain momentum: Live updates
▼ + stars: | 2024-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were flat on Wednesday evening as Wall Street looked to build on a modest rebound with key economic data on deck. Futures tied to the Dow Jones Industrial Average ticked down one point, or less than 0.1%. S&P 500 futures were little changed, and Nasdaq 100 futures dipped less than 0.1%. Stocks rallied on Wednesday but did not erase all of the losses from Tuesday's sell-off, which came on the heels of a hotter-than-expected inflation report. Fast-food company Shake Shack is scheduled to report earnings before the bell Thursday.

Persons: Stocks, Dylan Kremer, Tripadvisor Organizations: Dow Jones, Nasdaq, Federal Reserve, Investors, Cisco Locations: U.S, America

☆ Cisco CEO Chuck Robbins talks quarterly results with Jim Cramer
▼ + stars: | 2024-02-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO Chuck Robbins talks quarterly results with Jim CramerCisco Chair and CEO Chuck Robbins joins 'Mad Money' host Jim Cramer to talk quarterly results.

Persons: Chuck Robbins, Jim Cramer Cisco, Jim Cramer Organizations: Cisco

☆ Stocks making the biggest moves after the bell: Cisco, Twilio, Tripadvisor and more
▼ + stars: | 2024-02-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Applovin reported 49 cents in earnings per share on $953 million of revenue. Analysts surveyed by LSEG were expecting 35 cents in earnings per share on $928 million of revenue. In the fourth quarter, Tripadvisor reported adjusted earnings of 38 cents per share on revenue of $390 million. Analysts surveyed by LSEG anticipated earnings of 22 cents a share and revenue of $374 million. NerdWallet reported a loss of 3 cents per share, while analysts were expecting 10 cents of positive earnings per share, according to LSEG.

Persons: Applovin, LSEG, Twilio, Albemarle, Tripadvisor, NerdWallet, Fastly Organizations: Cisco, Informatica — Locations: China, Informatica

☆ Cisco to lay off thousands of employees
▼ + stars: | 2024-02-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring. Cisco joins a long list of tech companies that have announced workforce cuts in recent months. Last year, the company announced it would acquire machine learning and cybersecurity company Splunk in a deal valued at $28 billion. “The combination of these two innovative leaders makes them well positioned to lead in security and observability in the age of AI,” Cisco said in a September press release announcing the deal. All told, more than 34,000 tech employees have been laid off since the start of 2024, according to data compiled by Layoffs.fyi.

Persons: “, Chuck Robbins, ” Cisco, Layoffs.fyi Organizations: CNN — Technology, Cisco, Google, PayPal

The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Cisco — a company best known for making much of the technology that connects the internet — expects its reorganization to cost an additional $800 million. The double whammy of two big layoffs in two years has been a phenomenon affecting other prominent technology companies, such as Google and Amazon, both of which have trimmed their once-steadily growing payrolls multiple times since the end of 2022. The reductions are being made even though most of the companies are still big moneymakers. But Cisco’s stock price has gained just 6% during the same period, a factor that might have played into management’s decision to make even deeper payroll cuts than some of the company’s tech brethren.

Persons: Chuck Robbins, Robbins, Cisco's, ” Robbins Organizations: FRANCISCO, Cisco Systems, Cisco —, Google, Cisco, Revenue, Microsoft, Riot Games, eBay, PayPal, Nvidia Locations: San Jose , California, U.S

☆ Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
▼ + stars: | 2024-02-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Net income declined to $2.63 billion, or 65 cents per share, from $2.77 billion, or 67 cents per share, in the year-ago quarter. With respect to guidance, Cisco called for 84 to 86 cents per share on $12.1 billion to $12.3 billion. For the full year, Cisco sees $3.68 to $3.74 in adjusted earnings per share and $51.5 billion to $52.5 billion in revenue. Cisco said it was increasing its dividend by a penny to 40 cents per share.

Persons: Chuck Robbins, LSEG, Robbins, it's, — CNBC's Ari Levy Organizations: Cisco, Microsoft, SAP, eBay, StreetAccount

Several technology and travel companies are reporting earnings this week — and some of them are likely to see dramatic moves when they do. CNBC Pro screened for stocks that may post sharp moves after releasing their quarterly results, based on calculations from FactSet data. Here are some other stocks that may notch the biggest moves after their announcements this week. Swedish oat milk maker Oatly could move up or down about 17% after its earnings results, which are also slated to come out Thursday. OTLY 1Y mountain Oatly shares Restaurant software platform Toast may also see either a gain or loss of more than 11% following its earnings release Thursday.

Persons: Kraft Heinz, Carvel, Toast Organizations: Bank of America, CNBC Pro, Cisco Systems, Sony, U.S, Oatly Locations: U.S

☆ 5 things next week that could determine if Wall Street's winning streak continues
▼ + stars: | 2024-02-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.

Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ Jim Cramer's week ahead: Earnings from Shopify, Marriott and Wendy's
▼ + stars: | 2024-02-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify , Marriott and Wendy's . He also recommended researching retail stocks next week before the industry reports a slew of earnings results the week after. "Next week seems busy, but, you know what, it's a classic interregnum — Google that — before we get to retail earnings," Cramer said. On Monday, Cramer said he'll be waiting for earnings reports from two "scorchers," cloud networking outfit Arista Networks and Cadence Design Systems , which provides software for artificial intelligence hardware. Shopify reports on Tuesday, and Cramer said he's optimistic because online shopping seems to be booming.

Persons: CNBC's Jim Cramer, Cramer, he'll, it's, he's, Kraft Heinz, He'll Organizations: Shopify, Marriott, Google, Arista Networks, Cadence Design Systems, Howmet, Cisco, Splunk, Trade, Costco, Walmart Locations: Wendy's

☆ Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Reuters
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: +1 min

A logo sits illuminated outside the Cisco booth at ISE 2024 on January 30, 2024 in Barcelona, Spain. Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter. The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website. The company is still deciding on the total number of employees to be affected by the layoffs, one person said. The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.

Organizations: Cisco, Network, Nokia, Ericsson, Microsoft Locations: Barcelona, Spain, San Jose , California

☆ Inventory problems at Children's Place could benefit our red-hot off-price retail stock
▼ + stars: | 2024-02-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We have our buy-equivalent 1 rating on TJX stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, BURL, ROST, TJX, Estee Lauder, Fabrizio Freda, Jim, we'll, I'm, Cramer, Jim Cramer's Organizations: CNBC, Bank of America, Ross Stores, TJX, Marshalls, Nvidia, Club, Broadcom, Marvell, Pepsi, PepsiCo, L'Oreal, Dow, Cisco Systems, Materials, Molson Coors, MGM Resorts, Cisco, Reuters, Jim Cramer's Charitable Locations: We're, Burlington, Maxx

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

☆ Opinion | This Tech Titan Wants to Turn West Virginia Into a ‘Start-Up State’
▼ + stars: | 2024-02-02 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

John Chambers grew up in West Virginia and went on to run what was once the world’s most valuable company, the computer networking firm Cisco Systems Inc. Now he is trying to help economically lagging West Virginia by making it a “start-up state” akin to Israel, which has been called the start-up nation. I interviewed Chambers recently about his hopes and the magnitude of the challenge. Chambers was born in 1949 while his parents were in medical school at Case Western Reserve University in Cleveland. He grew up mostly in Charleston, W.Va., and earned a bachelor’s degree and a law degree from West Virginia University. Chambers became a salesperson for IBM, then for Wang Laboratories, before joining Cisco in 1990, six years after the company was founded in Silicon Valley.

Persons: John Chambers, Chambers, “ Organizations: Cisco Systems Inc, Case Western Reserve University, West Virginia University, Mountain, IBM, Wang Laboratories, Cisco, JC2 Ventures, John, John Chambers College of Business Locations: West Virginia, Israel, Cleveland, Charleston, W.Va, Mountain State, Ravenswood, ”, Silicon Valley, mater

☆ Bosses, here's how to get your employees using AI
▼ + stars: | 2024-01-23 | by ( Kylie Kirschner | Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Some 31% of organizations reported that employees are reluctant or even outright resistant to using AI, according to the Cisco AI Readiness Index. AdvertisementCompany leaders at the World Economic Forum told Business Insider there's one simple thing bosses can do: be clear about what you want to use AI for. Centoni suggests outlining the potential benefits of using AI and providing specific examples of how it might be used. Jeff Maggioncalda, CEO of Coursera, says it's important to explain to employees how AI might make their jobs better or more enjoyable. And over time, he says he expects AI to lead to both revenue growth and growth in the workforce.

Persons: —, Liz Centoni, Jeff Maggioncalda, Maggioncalda, Paul Knopp, Knopp Organizations: Service, Business, Cisco, Economic Forum, KPMG Locations: Davos

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