‘2000 Deja Vu’: Fred Hickey says AI rally is no different than Dot-com bubble By Investing.com

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Fred Hickey, a prominent investor and the editor of the newsletter “The High-Tech Strategist” which is published monthly for the past 34 years, argues that today’s market is resembling the 1999-2000 tech bubble.

He sees the ‘Big Seven’ – Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) – ending up as the Big Six – Cisco Systems (NASDAQ:CSCO), Intel (NASDAQ:INTC), Dell (NYSE:DELL), IBM (NYSE:IBM), Lucent, and Microsoft – did during the tech bubble.

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“Substitute “dotcom” with AI – Artificial Intelligence – and 2023 appears to be a mirror image of what occurred twenty-three years ago,” Hickey said in the 425th edition of the High-Tech Strategist.

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www.investing.com/news/stock-market-news/2000-deja-vu-fred-hickey-says-ai-rally-is-no-different-than-dotcom-bubble-432SI-3095990

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