Cisco's Slow Recovery: A Cautionary Tale for Tech Giants

Cisco Systems: A Cautionary Tale for Tech GiantsCisco Systems, once a dominant player in the tech industry, has yet to recover its dot-com era peak, despite the broader markets growth. After reaching an all-time high of $80.60 in 2000, Ciscos stock plummeted over 85% during the dot-com crash. It has since struggled to regain its former glory, with its market value now only 7% of Nvidias. Nvidia, a current mega-cap tech company, faces similar concerns, with some skeptics comparing it to a Cisco 2.0. Ciscos slow recovery serves as a powerful warning for those worried about an AI bubble.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.