Former Fidelity Manager Warns Nvidia Risks Following Cisco's Path

Former Fidelity fund manager George Noble has warned that Nvidia is heading down a path similar to the collapse of the internet bubble by supporting customers who purchase its artificial intelligence hardware. Currently, Nvidia accounts for about 8% of the S&P 500 index, which is double the weight that Cisco held at the peak of the internet bubble in 2000. Noble believes that Nvidia is falling into the same trap that severely impacted Cisco over twenty years ago.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.