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Cisco Systems unveiled a collaboration with Nvidia to serve as the full-stack foundation for Palantir Technologies’ Sovereign AI OS. The stock edges higher on the day, trading at $109.43.
Cisco announced a strategic collaboration with Nvidia to provide the Secure AI Factory as the foundation for Palantir Technologies’ Sovereign AI OS. The announcement was made by Cisco President and Chief Product Officer Jeetu Patel. The partnership will deliver Cisco's Secure AI Factory with Nvidia as the preferred full-stack foundation for Palantir's Sovereign AI OS, with an emphasis on cybersecurity and deploying Nvidia Nemotron open models, according to Cisco Blogs.
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Shares of Cisco opened the session with a gap up from $109.17 to $109.61, but have since retraced part of that initial move. The price is trading below both the MA-20 and MA-50, but remains above the MA-200, reflecting a split daily structure. The nearest resistance is the weekly high at $110.37. The recent move continues to align with a broader bullish chart structure, though the day’s reaction has been muted within a contained range.
A close above $110.37 would indicate buyers are prepared to extend the current move. The session began with a gap higher from $109.17 to $109.61 before pulling back. Still, from here, downside probability stands at 60% versus 40% to the upside for the coming trading week, with an expected range between $108.43 and $110.42. A drop below $108.15 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.
Earlier, analysts noted that Cisco shares were experiencing persistent selling pressure amid a period of rangebound consolidation. The newly announced collaboration with Nvidia and Palantir adds a strategic dimension to the outlook, making the $110.37 resistance level an important area to watch for the potential extension of the stock’s move.