As artificial intelligence (AI) investment ramps up, some analysts are now drawing comparisons to the early “dot com” days of the internet and the market crash that followed.
It’s a deja vu moment for Wall Street: A revolutionary technology captures the imagination while capital floods in and valuations begin to put a high price on promises of a future that hasn’t arrived.
Now, as AI spending accelerates and a handful of mega companies dominate returns, financial industry insiders are asking whether the AI boom has crossed the line into market bubble territory—when the price of an asset exceeds its actual value….