Cisco's stock price hit a new all-time high for the first time since the dot-com bubble of 2000.

Amidst the recent AI craze that has driven up the stock prices of related companies, Cisco, an icon of the dot-com era, has also set new records. Last week, Cisco's stock reached a new high since March 2000, at $80.25 per share.

Cisco is considered an iconic stock of the dot-com era, with the theme that the internet relies heavily on networking equipment (similar to the AI ​​era, but for a different company). This led to consistently high stock prices, and in March 2000, it surpassed Microsoft in market capitalization, becoming the world's most valuable company for a time. However, after the dot-com bubble subsided, Cisco's stock price declined.

Cisco's current market capitalization is $317 billion, making it the 13th most valuable company in the United States. Its recent growth is driven by the increasing demand for AI infrastructure equipment from major technology companies. Its networking product portfolio alone grew by 15% in the past quarter.