Turbocharged Cisco
Jul 04, 2024
Cisco Systems reached its peak as the most valuable company in the world during the dot-com bubble in March 2000, with a market capitalization of $548 billion, equivalent to 5.5% of the US GDP at the time. However, Cisco’s stock price subsequently plummeted by 89% over the following two-and-a-half years and, even 24 years later, has not fully recovered to its peak value. Recently, Nvidia ascended to the position of the most valuable company globally, boasting an enterprise value of $3.3 trillion, which represents a historic 11.7% of the US GDP. This scenario brings to mind the well-known saying attributed to Mark Twain: “History doesn’t repeat itself, but it does rhyme.”
