What's good for Cisco is good for Broadcom. 3 reasons both stocks are soaring

Cisco investors aren't the only victors from the network company's blowout earnings on Wednesday night: Broadcom shareholders also picked up a win. Shares of Cisco surged 15% on Thursday to a new record high, after posting results and guidance that topped Wall Street's expectations. More importantly, the report highlighted the rising demand for networking solutions tied to the AI data center buildout. …