Terrible analysis. He claims that Cisco lost all its value because their HW was commoditized. I mean in some ways, sure, but the fall in value was almost entir

Terrible analysis. He claims that Cisco lost all its value because their HW was commoditized. I mean in some ways, sure, but the fall in value was almost entirely driven by the DOTCOM bubble bursting. There is also a claim that networking equipment is easy, "it's just moving data around". Moving data around is what a computer does. LLM's and GPU's are just moving data around.