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Cisco Systems (CSCO) briefly surpassed its dot-com-era peak for the first time in 25 years Wednesday, as shares climbed to $80.82, finally topping the $80.06 record set on March 27, 2000. That date marked the height of internet euphoria when Cisco briefly became the world's most valuable company by passing Microsoft (MSFT).
The networking equipment maker has spent a quarter century rebuilding investor confidence after losing 90% of its value when the tech bubble burst in 2002. This recovery comes as Cisco positions itself to capture AI infrastructure spending.