The Globe and Mail reports in its Monday, May 11, edition that Cisco Systems hit a record high last week ahead of earnings due out Monday afternoon. The Globe's guest columnist Amber Kanwar writes that the stock has been in the eye of the artificial intelligence buildout and sales are expected to hit another record this quarter. The company's networking business has benefitted from the hundreds of billions being poured into AI data centres -- growing double digits for six quarters with the company saying orders from hyperscalers can hit $5-billion (U.S.) this fiscal year. Cisco has also been working on its own semiconductor called Silicon One -- a family of high-performance networking chips. "We believe that Silicon One is a credible growth driver for Cisco, layered on top of a stabilizing core networking business," Evercore analyst Amit Daryanani wrote, calling it an "underappreciated lever for upside." The Globe reported on Aug. 11 that Mr. Kanwar said Cisco was still cheap despite rallying to its highest level since May, 2000. The shares could then be had for $71.79 (U.S.). The Globe reported on Sept. 30 that Stansberry Research analyst Alan Gula said Cisco was cheap when compared with the 1990s. It was then worth $68.42 (U.S.).