TECH - Nvidia's Rise Resembles Dot-Com Boom Era But Former CISCO CEO Says Things Are 'Different' This Time | Benzinga
Nvidia Corp. (NASDAQ:NVDA) has emerged as the world’s most valuable listed company, driven by the demand for its artificial intelligence chips, reminiscent of the dot-com boom.
What Happened: Nvidia has ascended to the top spot, leading a tech boom that mirrors the dot-com era, Wall Street Journal reported on Tuesday.
John Chambers, who was the CEO of Cisco Systems Inc. (NASDAQ:CSCO) when it took the top spot at the height of the dot-com boom, noted parallels between the two periods. However, he emphasized that the dynamics of the AI revolution are distinct from previous tech booms such as the internet and cloud computing.
Chambers, now a venture investor, stated, “The implications in terms of the size of the market opportunity is ...