George Noble Warns Nvidia Is Repeating Cisco’s Dot-Com Bubble Trap

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.