AI-driven US stock market surge, similar to dotcom bubble, raises concerns of inflated prices due to revolutionary tech optimism.
AI-driven US stock market surge recalls dotcom bubble, raising concerns of inflated prices due to optimism for revolutionary technology. AI fever, combined with a strong economy and increased earnings, has led to the S&P 500 and Nasdaq Composite indices reaching new records. However, metrics show that stock valuations and investor enthusiasm have not yet reached the peaks of the late 1990s. The similarities between the current market and the dotcom bubble lie in the dominance of a few major tech stocks, such as AI chipmaker Nvidia, which have gained significantly in recent years.
July 01, 2024
23 Articles