美股研究社·2025-12-12 11:07Core Viewpoint - Cisco has reached a historical high for the first time in over 25 years, closing at a price that surpasses its previous peak during the internet bubble [1]. Group 1: Cisco's Performance - Cisco's current market capitalization is $317 billion, significantly lower than its peak market cap of $550 billion in 2000 [2]. - Investors who bought Cisco stock at the 2000 peak are finally seeing a profit, although the current valuation is much lower than it was at that time [2]. Group 2: Comparison with Other Companies - General Electric (GE) also recently surpassed its historical high, reaching $314.28 in October before stabilizing around $280 [6]. - GE's current market cap has decreased by several hundred billion dollars compared to its 2000 valuation, and the company has undergone significant restructuring and asset divestitures over the past two decades [6]. - The current GE is focused on the aerospace sector, making it difficult to directly compare with its 2000 counterpart, which was a large diversified industrial group [6]. Group 3: Historical Context - The peak of the internet bubble occurred in March 2000, with the Nasdaq index reaching its highest point [6]. - Among the top ten companies by market capitalization in the Russell 1000 index at that time, only Microsoft has maintained a strong performance, with a cumulative increase of over 700% since its peak in late 1999 [7]. - Cisco and GE are the only two companies from that era that have recently returned to their historical highs, while Intel and Nokia have not yet recovered to their 1999-2000 peak prices [7].