Cointime reports: Former Fidelity fund manager George Noble warned Thursday that Nvidia is heading down the same path as Cisco during the dot-com bust by propping up customers who buy its AI hardware. Noble said Nvidia now carries about an 8% weight in the S&P 500, double Cisco’s share at the 2000 peak, and is falling into the “exact same” trap that devastated Cisco more than two decades ago.
George Noble Warns Nvidia Is Repeating Cisco’s Dot-Com Bubble Trap
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