(https://www.marketwatch.com/story/the-big-dogs-of-the-dot-com-era-are-barking-again-25-years-later-will-they-suffer-the-same-fate-3aa01575?mod=mw_rss_topstories) — Intel, Cisco, Qualcomm all hitting record highs. But here's what the nostalgia trade is missing: these aren't growth stories anymore, they're margin-compression traps.

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