George Noble Says Nvidia Is Following Cisco's Path as Circular Financing Heads Toward a Bubble Burst

Former Fidelity fund manager George Noble warned Thursday that Nvidia is following Cisco’s path toward a bubble burst by supporting customers that buy its AI hardware. According to Odaily, Noble wrote on social media that Nvidia accounts for about 8% of the S&P 500, roughly twice Cisco’s weighting at the peak of the dot-com bubble in 2000, and said the company was repeating the same mistake that badly hurt Cisco more than two decades ago.