Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

Let's get into some stocks. Got some good stuff, some bad stuff happening today. Let's talk about a new buy for Cisco calling it up from the bullpen.

It's roughly unchanged since we first added on June 23rd. This is a networking equipment powerhouse, also cybersecurity through the Splunk deal.

But they have this newer AI angle to it first.

For so many years, Cisco, known as really serving enterprise customers.

But now they're really emphasizing the cloud computing side.

Yeah, you look at Oracle.

They're going to be in all the Oracle, all the data centers.

And he's Jensen's partner, and the stock did not move that much when they announced that.

They have a guy who is great at cybersecurity, who's moving on up,

and they're going to be the way that you connect all these data centers to the rest of your system.

Yeah, so they reach their goal of a billion in AI infrastructure orders from WebScale

customers.

Web scale is what, it's another word for the hyperscaler customers.

That's what they refer to them as.

They hit that goal quarter early.

Some other things like here, there's an ongoing transition to software revenues, which are,

especially subscription software, which are predictable, they're sticky, they're higher margins,

so the gross margin profile at the company has been going up steadily through the years.

You got a buyback, 2.4% dividend yield, valuation, undemanding, high teens multiple.

People just think it's the same old Cisco, like they didn't buy Splunk.

Splunk gave them visibility, it gave them some very good, really, really good cyber defense

...