Listen to the audio version of this article (generated by AI).
In March of 2000, Cisco Systems Inc. (CSCO) briefly became the most valuable company in the world.
Not Walmart Inc. (WMT). Not General Electric Co. (GE). Not Exxon Mobil Corp. (XOM).
At the time, a lot of people thought that was absurd. After all, Cisco wasn’t a consumer brand. It didn’t make cars. It didn’t drill for oil. Most people couldn’t have told you exactly what the company did.
But Wall Street understood something important.








