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'AI gold rush' makes today's stock market look more like 1995, not 1999

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The 'AI gold rush' makes today's stock market look more like the early days of the internet boom than the peak of the dot-com bubble

to a $3 trillion valuation over the next year, representing potential upside of 19% from current levels.should see more tailwinds in 2024 as digital advertising rebounds and the company releases more AI features for its Cloud unit.positive inflection points for big tech earnings

are happening at a time when the Fed is at or near its end of hiking interest rates, and as a possible recession appears further out than most expected at the start of this year. "We believe the backdrop is a risk on environment with tech leading this market higher," Ives said."The AI gold rush is a '1995 moment' akin to the start of the internet and NOT a 1999/2000 bubble moment.

 

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