Reported 9 months ago
Barry Bannister, Stifel managing director and chief equity strategist, points out the resemblance between the dot-com bubble era and the current environment, especially in the AI sector. He draws parallels in terms of extreme optimism on new technology, high valuations, narrow markets, and high equity ownership, suggesting a familiar feeling of market sentiment today. The article also discusses the potential risks in high valuation companies like NVIDIA, highlighting the importance of earnings growth and valuation multiples in long-term market performance.
Source: YAHOO