Michael Burry: "Nvidia Risks Repeating Cisco of the Dot-Com Bubble"

1. 1Michael Burry warned that Nvidia's (NVDA) trajectory mirrors that of Cisco (CSCO) during the dot-com bubble.
2. 2In the late 1990s, Cisco repeatedly noted it could not keep up with demand, but investors mistook this supply constraint as evidence of strong demand.
3. 3After the bubble burst, Cisco's customers were left with excess inventory and orders plunged, sending Cisco's stock down more than 80% over the following two years.

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