AI Boom Spurs Nvidia-Led US Stock Market Rally, Experts Draw Parallels With Dotcom Bubble: 'No One Exactly Knows…'

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AI Boom Spurs Nvidia-Led US Stock Market Rally, Experts Draw Parallels With Dotcom Bubble: 'No One Exactly Knows…' - Benzinga

Quick Summary:

The staggering surge in Nvidia shares, which soared nearly 4,300% over the past five years, has drawn comparisons to the meteoric rise of network equipment maker Cisco Systems Inc (NASDAQ:CSCO), which saw its stock climb about 4,500% over five years ...

The U.S.stock market’s recent surge, fueled by the promise of artificial intelligence, is drawing comparisons to the dot-com bubble of the late 1990s.

What Happened: The current stock market rally, largely attributed to the excitement surrounding AI, has sparked memories of the dot-com bubble, reported Reuters.