Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products. Companies have ramped up investments in AI technologies which require heavy computing power,

Cisco is recommended a 'Buy' rating at a fair value of $65 per share. Read here for some highlights on CSCO stock's rise, AI focus, and revenue growth.

The Chinese e-commerce company reported higher quarterly profit, but revenue missed expectations. U.S.-listed JD shares fell in premarket trading. Earnings are due from rival Alibaba (BABA) on Friday.