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Walmart+ Boosts Spending, Cisco Focuses on AI

Bloomberg Tech

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Cisco's AI Success and Walmart's Earnings and E-commerce Growth

This chapter examines the earnings of Cisco and Walmart. While Cisco's growth is slowing, it benefits from $500 million in AI product sales. Walmart surpasses Wall Street estimates, experiencing a 24% increase in e-commerce sales, and discusses efforts to compete with Amazon in advertising and expand drive-up and delivery services.

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