Charles Payne: AI Is Not the Dot-Com Bubble. NVIDIA's Earnings Prove That - 24/7 Wall St. Charles Payne: AI Is Not the Dot-Com Bubble. NVIDIA's Earnings Prove That By Joel South Published Jul 30, 8:00AM EDT Quick Read NVIDIA's trailing P/E sits at 40 with 85% revenue growth and $48.5 billion in quarterly free cash flow, metrics Cisco's bubble-era valuation never supported. Cisco has gained only 171% since March 2000; Microsoft's AI business hit $37 billion ARR with $627 billion in signed commitments behind ...