Nvidia s Ascent to Most Valuable Company Has Echoes of Dot-Com Boom – WSJ

Nvidia NVDA 3.51%increase; green up pointing triangle became the U.S. s most valuable listed company Tuesday thanks to the demand for its artificial-intelligence chips, leading a tech boom that brings back memories from around the start of this century.

Nvidia s chips have been the workhorses of the AI boom, essential tools in the creation of sophisticated AI systems that have captured the public s imagination with their ability to produce cogent text, images and audio with minimal prompting.

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.

Cisco was riding the wave of a different revolution the internet where its products powered that budding industry. Like Nvidia, Cisco also surpassed Microsoft MSFT -0.45%decrease; red down pointing triangle to become the most valuable company.

via www.wsj.com

Nope. This time is different.