Investors ultimately threw too much money at risky startups like Pets.com - pushing their stocks far above levels justified by their underlying businesses. Eventually, it all came crashing down, with the bubble burst leading to trillions in lost market cap before the early-2000s recession.
Generative AI has enthralled investors to the tune of many billions of dollars over the last year. Companies that make AI hardware and software, especially the chip giant Nvidia, have seen their stocks skyrocket. It's led skeptics to warn of another tech bubble that will inevitably burst.
Jamie Dimon, CEO of JPMorgan Chase, emphasized the authenticity of today's AI enthusiasm compared to the early internet bubble, stating, 'When we had the internet bubble the first time around... that was hype. This is not hype. It's real.'
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