By Piero Cingari
Publication Date: 2026-05-07 13:07:00
Intel Corp. (NASDAQ:INTC) is no longer the cheap turnaround story of late 2024.
It is now the third most expensive stock in the Nasdaq 100, and on one specific measure it has just overtaken what Cisco Systems Inc. (NASDAQ:CSCO) looked like at the absolute peak of the dot-com mania.
The stock closed at $113.01 on Wednesday, after a 4.49% session gain that pushed it to fresh all-time highs. Shares are up roughly 200% year-to-date and more than 470% over the past 12 months.
The market capitalization sits above $560 billion, ahead of Oracle Corp. (NYSE:ORCL).
Has Intel gone too far, too fast?
Intel’s Stock Valuation Is Now In Cisco-2000 Territory
That valuation places Intel almost exactly where Cisco Systems Inc. (NASDAQ:CSCO) sat when it briefly became the world’s most valuable company on March 27, 2000.
Cisco that day traded above 100x forward earnings, with a market cap above $500 billion. The Nasdaq Composite peaked just two weeks earlier at 5,048.62, before losing 78% of its…