From what I've read, the dotcom era was a time where the internet exploded. Everyone was trying to start their own business websites. To host a website, you need a server. Were people just as hyped about companies that sell servers? According to ChatGPT, these might include IBM, Sun, Intel, Dell, HP, etc.
Are you trying to draw some link between computer companies back then and gpus today?
Yes
Sell shovels in a gold rush. It's not unheard of. Yes nvda, arm, amd will continue to rise in coming years.
Those people arenât on blind
Not true
Some of us are
Sun was.. they advertised themselves as the dot in dot.com. hp and Compaq also made servers back then. Cisco was also a hot stock back then. There was a time when everyday the stock would go up.. continously for 6 months straight. There was a company called 3com, us robotics that made dial up modems back then. Isp's like AOL were hot. Hard drive makers like Maxtor and Seagate were hot. Intel and Microsoft were seen as pc stocks then, not in the server market, linux was just starting up and limux+intel, pretty much killed off sun.. Among internet companies amazon was hot, travel companies like Expedia, priceline had their day
This was the time period when every company was selling magic internet appliances and rackmount products like in hbo silicon valley. My company sold a box they said would get network through to fire trucks "no matter what"
at Dell, the phrase you heard was, "we want to be the arms dealer..." Pre Enron, you got stock options at tech companies. So everyone was leveraged, and with luck you could make $millions in a few years. Cisco, Dell, Intel, etc al. minted millionaires.
If everything was hype back then and people were buying the tech hype why was there a bubble? Was it because people waaayyy overbought the hype and people eventually realize that tech wasnât going to improve as fast as expected and people started to sell off? And crash came along with the sell off?
People were starting dotcoms and didn't even know what the internet was or have any devs. They would instantly get millions in investment. They would blow the entire investment on the launch party and on hiring celebrities. In reality, the only potential users were a few western countries. Online payments were still difficult and mobile web wouldn't be usable until 2007.
Many companies did not make it.a lot were supplanted with better technology think yahoo and Google. Some of the internet models did not work the way people imagined. For instance a lot of stuff was offered for free and was supposed to be paid for by advertisers.. online auction companies like ebay have fizzled out, it was once as well known as amazon. the valuationof many companies like pets.com etc was far bigger than the addressable market. Ofcourse amazon, Google etc have returned on what they promised, while companies like sun etc fell on the way side.
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