An Ignoble Experiment: Ready for Lift-off: AI Stocks Will Outpace Expectations

2023/08/03

Ready for Lift-off: AI Stocks Will Outpace Expectations

Jason Williams / AUG 3, 2023

Ready for Lift-off: AI Stocks Will Outpace Expectations

There's no doubt about it. This year's bull market has legs. And a lot of that is thanks to the excitement continuing to build over developments in artificial intelligence, or AI.

But that's got a lot of bearish forecasters crawling out of the woodwork to compare the current situation to the bubble that formed in internet stocks in the late 1990s.

You see, from about 1995–2000, any company even remotely connected with the budding internet sector could raise tons of money in the private markets, go through an IPO, and cash out to the tune of billions of dollars.

Investors were betting on anything that had ".com" in the name, even companies without business plans, assets, or any technology at all.

But this didn't just start in 1995. In fact, it had been going on all decade. And from the start, bearish investors were waving the red flag, trying to alert people to the imminent demise of that market.