Cisco Systems Nears Dot-Com Peak Amid AI-Driven Rebound
Cisco Systems (CSCO), once the crown jewel of the dot-com era, is flirting with its all-time high of $80/share—now trading at $77.50. The resurgence reflects a stark contrast to its 2000s bubble valuation of 200x earnings. Today’s 18x multiple underscores a shift from speculative frenzy to a cash-flow stalwart with AI-driven networking demand.
The company has shed its 'legacy hardware' image in 2025, pivoting to capitalize on AI infrastructure needs. Corporate CapEx cuts and margin pressures once haunted Cisco; now, its revitalized narrative orbits around enterprise AI adoption and resilient fundamentals.