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.
“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.
Nvidia Is the New Tesla, the ‘Dean of Valuation’ say. It’s Time to Cash Out.
www.barrons.com/articles/dell-earnings-stock-price-9bc7edf6