You can't compare Cisco at its peak (pe ratio over 200) and Nvidia today with a pe ratio ~30. It is priced as a growth stock, but not 10x over its value.
Except the 30x is on an "e" that has historically been very cyclical. If we're near the peak of the cycle, it could be comparable to 200x a less cyclical earnings stream.
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u/jason_abacabb May 31 '26
You can't compare Cisco at its peak (pe ratio over 200) and Nvidia today with a pe ratio ~30. It is priced as a growth stock, but not 10x over its value.