Cathie Wood Thinks Nvidia Could End Up Like Cisco After the Dot-Com Crash. Here's the "Magnificent Seven" Stock That I'm More Worried About.
One of the most outspoken investors on Wall Street is Cathie Wood, the founder of ARK Invest. Wood is best known for making big bets in emerging areas of technology and healthcare.
In a shareholder letter published earlier this month, she suggested that Nvidia (NASDAQ: NVDA) could end up like in the aftermath of the dot-com boom in the early 2000s.
Given the meteoric rise in Nvidia's stock price over the last year, it's reasonable to believe a pullback could be on the horizon. But calling for a crash akin to Cisco? That seems dramatic.
Source Fool.com
Cisco Systems Inc. Stock
€44.72
-0.170%
With 11 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 25.24% compared to the current price of 44.72 € for Cisco Systems Inc..
