By Louis Navellier
Publication Date: 2026-06-06 13:00:00
A lesson from the internet boom could help investors spot the next wave of AI winners.
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In March of 2000, Cisco Systems Inc. (CSCO) briefly became the most valuable company in the world.
Not Walmart Inc. (WMT). Not General Electric Co. (GE). Not Exxon Mobil Corp. (XOM).
At the time, a lot of people thought that was absurd. After all, Cisco wasn’t a consumer brand. It didn’t make cars. It didn’t drill for oil. Most people couldn’t have told you exactly what the company did.
But Wall Street understood something important.
The internet was changing everything.
Businesses were wiring offices. Telecom companies were laying fiber. Data traffic was exploding. Every company wanted to connect employees, customers, suppliers and partners to this new digital world.
Cisco wasn’t selling the internet itself.
It was selling the infrastructure that made the internet possible.
Today, when…