Look At Cisco (CSCO) If You Think We’re In An AI Bubble, Says Jim Cramer

We recently published Jim Cramer Discussed These 13 Stocks And Talked About Market “Froth” & Dotcom Bubble. Cisco Systems Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Cisco Systems Inc. (NASDAQ:CSCO) as he recalled the firm’s valuation in the dotcom bubble and asserted that its valuation meant that the stock was fundamentally different this time:

“I do think this morning I looked and I saw Cisco, which I’ve owned and I owned it for this and I say oh god, thank god it’s come alive. And then I say, you know what, the analysts are going to use it, it’s going to go to 73, 74. Cisco, a very, very, very solid company with a great balance sheet, it’s been around forever. Often mentioned as one of the problems with 2000 because it was the largest company. But I think there’s haves and have nots. I think there’s companies that are going to be part of the buildout and. . .won’t.Look At Cisco (CSCO) If You Think We're In An AI Bubble, Says Jim Cramer

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“The people who want very much to say, this is all a bubble, they have to contend with the fact that I think Cisco’s multiple’s around 16, 17. They must contend with the basics.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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