Jim Cramer Discussed These 13 Stocks And Talked About Market “Froth” & Dotcom Bubble

10. Cisco Systems Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders In Q2 2025: 81

Cramer discussed Cisco Systems Inc. (NASDAQ:CSCO) as he recalled the firm’s valuation in the dotcom bubble and asserted that its valuation meant that the stock was fundamentally different this time:

“I do think this morning I looked and I saw Cisco, which I’ve owned and I owned it for this and I say oh god, thank god it’s come alive. And then I say, you know what, the analysts are going to use it, it’s going to go to 73, 74. Cisco, a very, very, very solid company with a great balance sheet, it’s been around forever. Often mentioned as one of the problems with 2000 because it was the largest company. But I think there’s haves and have nots. I think there’s companies that are going to be part of the buildout and. . .won’t.

“This is a fascinating time. Cisco, right now, they just unveiled a chip and networking system. . .to connect AI data centers. This is something that Broadcom has been doing quite effectively. So you might say, this is a good example of what’s going on. Here is Cisco, and we remember they were the most overvalued company in 2000, so someone’s going to say that. That was a different Cisco. But here’s Cisco, about 16 times earnings stock, not 400 times earnings. . .but I look at this deal, and I say, okay, Cisco and Broadcom, is there enough business for both. . . .My charitable trust does own them both. That’s not because we think that both of them are going to clash and therefore there’s only one winner. We’re doing it because there’s so much business to be had. That I think both are buys. And Cisco’s a very low multiple stock.

“The people who want very much to say, this is all a bubble, they have to contend with the fact that I think Cisco’s multiple’s around 16, 17. They must contend with the basics.

“I also think that they’re doing a lot in cybersecurity. . .we’ve stopped talking about that.”