AI bubble isnt near a peak. Its only at ‘base camp’: Jen

LONDON, Oct 22 (Reuters) – Is the buoyant U.S. equity market near the peak scaled in the lead-up to the dotcom bubble? Rising market angst might suggest “yes”, but comparing current pricing with the late 1990s indicates that – far from reaching a summit – U.S. equities may only be at “base camp”.

Since 2011, U.S. stocks have rallied hard, with the aggregate market rising sevenfold in nominal terms and fivefold in real terms. Moreover, the tech sector has risen 16 times in nominal terms and 11 times in real terms.