Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said.
AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said.
It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead.
"There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said.
Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.
Persons:
Jeremy Siegel, Wharton, —, It's, Siegel, Wood
Organizations:
Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve
Locations:
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