AI Stock Boom Echoes 1990s Dot-Com Era, But Key Differences Emerge in Valuations
• Some analysts compare current AI stock craze to 1990s dot-com bubble, but valuations show key differences
• "Magnificent Seven" tech stocks powered by AI saw huge gains in 2023, fueling stock market rally
• However, current valuations not as extreme as dot-com era - average Nasdaq P/E much lower now
• Microsoft and other top stocks had much higher P/Es at dot-com peak versus today
• Many experts still see upside for tech stocks as AI adoption in early stages