As The AI Investor reported, "People frequently draw comparisons between today's NVDA chart and the CSCO chart from 2000. Let's examine what transpired.
CSCO Mar 1999: - share price $27, PE: 93, Forward PE: 75
CSCO peak Mar 2000: - share price $77, PE: 213, Forward PE: -550
NVDA Feb 11, 2024: - share price $721, PE: ~58, Forward PE: 35
Now what if NVDA 2x from here in 1 year: - share price $1442, PE: ~70, Forward PE: 57
Even if NVDA 2x in 1 year still cheaper than CSCO back in 2000. Also, NVDA is projected to keep growing in 2025+ while CSCO declined in 2022."
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