Cisco CEO John Chambers took the stage at last week's prestigious Consumer Electronics Show to talk about his $19 trillion -- yes, trillion -- vision for the Internet of Things.
Cisco is a leader in the space and is guaranteed to benefit as machines start talking more to other machines without human interaction. IBM also leans heavily on this massive market, and you wouldn't believe how much data a General Electrics' airplane engine or locomotive can pump out over wireless links. That's three Dow stocks chasing the same opportunity from different angles.
Nineteen trillion dollars is about the size of the U.S. debt ceiling, or of America's annual gross domestic product. In the video below, Fool analyst Anders Bylund tells Mike Klesta why Chambers might have picked an unrealistically high market value, even if the Internet of Things is almost certainly the right bet for the three Dow titans.
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The article What's Wrong With Cisco's $19 Trillion Vision? originally appeared on Fool.com.Fool contributor Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends Cisco Systems. The Motley Fool owns shares of General Electric and International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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