On Thursday, Autodesk $ADSK announced forecasts that its annual revenue and profit are expected to surpass Wall Street estimates. This optimistic outlook is driven by strong demand for its design and development software across sectors such as construction, manufacturing, architecture, and engineering.

Recently, Cisco Systems $CSCO announced an upward revision to its annual revenue forecast, driven by a surge in demand for cloud network equipment. This optimistic outlook is largely due to the rapid development of artificial intelligence (AI). Following this news, the company’s stock rose by nearly 7% in after-hours trading.