Tech Boom Echoes Dot-Com Era as Markets Ignore Warning Signs
The Nasdaq 100, adjusted against the M2 money supply, has reached a valuation ratio unseen since the Dot-com bubble peak. Tech stocks, fueled by the artificial intelligence boom, are climbing at a pace that may outstrip economic fundamentals.
Liquidity-driven valuations are stretching beyond historical boundaries, mirroring the speculative fervor of 1999. Analysts note the eerie parallels—soaring tech valuations, investor euphoria, and geopolitical uncertainty—yet markets continue their ascent.