Andra AP Fonden Increases Cisco Stake 29.2% as Burry Flags Dot-Com Collapse Parallel
Andra AP fonden increased its stake in Cisco Systems by 29.2%, acquiring 120,800 additional shares for a total of 534,978 in the third quarter. Investor Michael Burry drew parallels between Nvidia’s $95.2 billion commitments and Cisco’s dot-com peak, cautioning that overcommitting supply contracts once led Cisco shares to plunge over 80%.
1. Andra AP fonden Raises Cisco Holdings
In the third quarter, Andra AP fonden lifted its stake in Cisco Systems by 29.2%, adding 120,800 shares to reach a total of 534,978. The Swedish pension fund’s increase reflects confidence in Cisco’s network equipment offerings during broader technology allocation strategies.
2. Burry Warns of Dot-Com Supply Trap
Investor Michael Burry compared Nvidia’s surge in purchase obligations to Cisco’s actions at the dot-com peak. He noted that Cisco’s aggressive supply contracts in 2000 left it with billions in excess inventory and triggered an over 80% share collapse when demand weakened.