The search for the “next NVIDIA” has become a hot topic in the semiconductor industry. NVIDIA’s success and its $2 trillion valuation have sparked interest in identifying companies that can replicate or surpass its achievements.
During the 1990s tech boom, Google, Facebook, smartphones, and wireless apps were yet to be invented. However, Cisco was the backbone of the internet, providing all the routers that connected homes and businesses to the “world wide web,” with Intel supplying the necessary chips. Cisco was a leading company, even becoming the world’s largest for a while, with a $200 billion market cap.
Now, Cisco remains a successful company, but its market cap is only a fraction of tech giants like Apple, Amazon, and Nvidia, which have market caps between one and three TRILLION dollars. This raises the question: has Cisco lost its touch? No, Cisco is still a dominant player in its field, producing routers that connect people to the internet. However, the issue lies in the fact that most people are already online.