Former Cisco CEO: Nvidia's AI Dominance Mirrors Cisco's Internet Boom, But Market Dynamics Differ

Nvidia has become the U.S.'s most valuable listed company, riding the wave of the AI revolution that brings back memories of one from earlier this century. The last time a big provider of computing infrastructure was the most valuable U.S. company was in March 2000, when networking-equipment company Cisco took that spot at the height of the dot-com boom. Former Cisco CEO John Chambers, who led the company during the dot-com boom, said the implications of AI are larger than the internet and cloud computing combined, but the dynamics differ. "The implications in terms of the size of the market opportunity is that of the internet and cloud computing combined," he told WSJ. "The speed of change is different, the size of the market is different, the stage when the most valuable company was reached is different." The story adds: Chambers said [Nvidia CEO] Huang was working from a different playbook than Cisco but was facing some similar challenges. Nvidia has a dominant market share, much like Cisco did with its products as the internet grew, and is also fending off rising competition. Also like Nvidia, Cisco benefited from investments before the industry became profitable. "We were absolutely in the right spot at the right time, and we knew it, and we went for it," Chambers said.

Read more of this story at Slashdot.