Siegel: AI Stock Frenzy Echoes Dot-Com Bubble, But Broader Market Has Room to Run
-
The stock market has had incredible 15-year performance since the 2008 crisis, with the S&P 500 up over 600% - this run can't continue forever
-
Siegel pointed to "over-speculation" and a "frenzy of excitement" around AI stocks
-
He said the mega-cap AI stock boom probably won't end well, comparing it to past bubbles
-
But overall Siegel doesn't view the market as excessively overvalued right now like during the dot-com bubble
-
He still sees room for more gains, predicting the S&P 500 could rise another 8% this year