đ„đšSTOCK MARKET MANIA: AI BOOM RECREATES 1990s #DOTCOM EUPHORIA đ„
đčVeteran tech analyst Fred Hickey, famed for warning of the 1990s dotcom bubble, says todayâs market frenzy is âeven crazier.â
đčHe compares the AI-driven surge â with 41 AI stocks making up 47% of the S&P 500âs value â to the irrational exuberance of 1999.
đčHickey argues GenAI is overhyped, lacking reasoning or innovation, and warns valuations may collapse like the tech bust 25 years ago.
(Source: Reuters Breakingviews)