Nvidia’s Jensen Huang needs investors to party like it’s not 1999

I keep hearing some version of this argument: Yes, we’re in an AI bubble. But even in the dot-com crash, the best companies survived and made people rich. Just look at Amazon.com Inc.

Fine, but it’s easy to forget that it took more than eight years for Amazon’s stock price to return to its March 1999 pre-crash level. And then there’s Cisco Systems Inc., whose journey was even more arduous: Its post-dot-com crash recovery was finally completed on Monday.