Cisco Reaches Pre–dot-com Crash Levels for First Time in 25 Years

Cisco Systems Inc. (CSCO), a bellwether stock of the dot-com technology revolution, has returned to a record high after a quarter century, thanks in part to the artificial intelligence (AI) spending boom, Rian Howlett reported for Yahoo Finance.

Cisco's March 27, 2000, high is widely viewed as the apex of the dot-com bubble and marked the high-water mark for the tech-heavy Nasdaq 100 Index until late 2015. (Photo: Cisco Facebook)

Shares rose 0.9% to $80.25 at one point, surpassing a peak that had stood for more than 25 years.

The stock’s March 27, 2000 high is widely viewed as the apex of the dot-com bubble and marked the high-water mark for the tech-heavy Nasdaq 100 Index until late 2015.

“It’s a quaint reminder that a recovery from a bubble can take a long time. A ready analogy would be the Japanese equity market, which also took decades to recover from its bubble in the late 1980s,” said Dec Mullarkey, managing director at SLC Management.

“Once you lose investor confidence through a painful selloff, it can take years for investors to re-embrace the stock.”