By TradingView
Publication Date: 2026-06-05 17:37:00
Nvidia NVDA remains at the center of the artificial intelligence investment theme, but questions around valuation and long-term demand have resurfaced after research firm TS Lombard compared Nvidia’s current position to Cisco (CSCO) during the dot-com era.
TS Lombard said Nvidia’s rapid rise shares some similarities with Cisco’s dominance before the technology market downturn in the early 2000s. The firm suggested investor expectations tied to AI infrastructure spending may be running ahead of underlying demand.
Despite those concerns, Nvidia’s recent financial results pointed to continued momentum. Nvidia reported fiscal first-quarter revenue of $81.6 billion, up 85% from a year earlier, while data center sales climbed 92% to $75.2 billion. Adjusted earnings per share rose 140% to $1.87.
Nvidia also projected about $91 billion in revenue for the current quarter, signaling continued demand for its AI-focused products and platforms. The company has expanded its offerings beyond…