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AI Bubble or not?

Futures are higher during pre-market as trading gets going for the new year

In case you’re not aware, S&P 500 posted 23% gain for 2024. It rose more than 50% in last 2 years, largest gain since 1997 - driven by hype in AI. But what followed after 1997-1998 was the 2000 dot com bubble

Right now, AI revolution seems doing well, and many are saying that this is not a bubble because the rich valuations are backed by companies’ earnings.

What do you think?
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