🔥🚨STOCK MARKET MANIA: AI BOOM RECREATES 1990s #DOTCOM EUPHORIA 💥
🔹Veteran tech analyst Fred Hickey, famed for warning of the 1990s dotcom bubble, says today’s market frenzy is “even crazier.”
🔹He compares the AI-driven surge — with 41 AI stocks making up 47% of the S&P 500’s value — to the irrational exuberance of 1999.
🔹Hickey argues GenAI is overhyped, lacking reasoning or innovation, and warns valuations may collapse like the tech bust 25 years ago.
(Source: Reuters Breakingviews)