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Tech guru Cathie Wood says Nvidia is the Cisco of the AI boom and warns its growth may falter

Business Insider · 12m

Cathie Wood, CEO of Ark Invest, has expressed concerns about the future growth of Nvidia and drew a parallel between its stock surge and Cisco's during the dot-com bubble. Wood highlighted Nvidia's impressive growth in recent years, but warned that its rapid rise could be unsustainable, much like Cisco's experience in the past. She pointed out that Nvidia's customers may have stockpiled more chips than necessary, leading to a potential slowdown in spending. Wood also noted increasing competition from the likes of AMD and companies developing their own AI chips. Despite her cautious outlook, Wood acknowledged the unpredictable nature of technological advancements.