AI hype sends valuations soaring past 1990s IT bubble records

AI Bubble Today Is Bigger Than the IT Bubble in the 1990s

The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s, see chart below.

APOLLO – Torsten Slok