We were king once, never again, sigh
https://www.afr.com/markets/equity-markets/nvidia-plummets-to-levels-not-seen-since-earlier-this-week-20240309-p5fb27
It pointed to Cisco as a warning for Nvidia investors.
“Cisco was the world’s most valuable listed company in 2000, trading at over 30-times sales (a similar multiple to Nvidia today). Yet, despite growing earnings-per-share nearly tenfold since then, Cisco’s stock price is still 39 per cent below its 2000 peak.
“Will Nvidia share Cisco’s fate? Our guess is yes.”