Hamid(@hamids):I literally had to remind someone of this yesterday who compared $CSCO, which got crushed in the DOT-COM Bust, to $NVDA. Cisco had a PE of 200 during the DOT-COM BOOM, and $NVDA has a PE of about 1/10th. So even though Cisco crashed almost 90% during the Dot-Com bust, it's POST-CRASH PE was about on-par with $NVDA PE today. IF you're going to argue that we're in an AI bubble, $NVDA shouldn't be your poster-child of over-valued companies. Maybe you can argue $SPCX is, or OpenAI is, or maybe some other company that's $100 Billion+ with no profits, but $NVDA is not it!

2026.08.27 20:50

I literally had to remind someone of this yesterday who compared $CSCO, which got crushed in the DOT-COM Bust, to $NVDA. Cisco had a PE of 200 during the DOT-COM BOOM, and $NVDA has a PE of about 1/10th. So even though Cisco crashed almost 90% during the Dot-Com bust, it's POST-CRASH PE was about on-par with $NVDA PE today. IF you're going to argue that we're in an AI bubble, $NVDA shouldn't be your poster-child of over-valued companies. Maybe you can argue $SPCX is, or OpenAI is, or maybe some other company that's $100 Billion+ with no profits, but $NVDA is not it!