Not because the dotcom madness of the early 2000s has Cisco’s share value been so excessive. Having touched $80 about 25 years in the past, as cash was funneled into Cisco’s Web routers and switches, it had plummeted to lower than $20 in mid-2001 after the bubble burst.
Since then, its trajectory resembles a line of craggy mountain peaks, slowly rising because it approaches the 2020s. However within the final 12 months, it has soared from about $45 to greater than $70.
Buoying the current efficiency is the view that Cisco stands to learn from the present wave of enthusiasm for all issues associated to synthetic intelligence (AI), two phrases – or letters – which have turn out to be irritatingly laborious to keep away from in each day life.
Simply because the dotcom gang of the early 2000s wanted the networks and web tools Cisco was constructing, so folks like OpenAI’s Sam Altman and Anthropic’s Dario Amodei would battle to appreciate their goals of omnipresent AI with out Cisco’s newest merchandise.
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