The AI Bubble: Reborn Echoes of 1999 Wall Street’s own alarm bells are chiming about AI stocks trading at nosebleed P/E ratios—on par with the dot‑com mayhem of 1999. Torsten Sløk, Apollo’s chief economist, went public this week on Yahoo Finance, warning that the 10 biggest stocks in the S&P—heavily AI‑focused names like NVIDIA and Meta—are now zooming past valuations from the dot‑com heyday. Sure, AI is powerful. But are we safely investing in reasoned value, or are we lighting matches under irreplaceable skyscrapers of hype? The Puppet Masters Push AI Hype Sløk drops the bomb: “If I invest $100 in the S&P 500, I feel diversified—but hey, you’re really buying AI at scale.” That’s not portfolio balance. That’s a tightrope…
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