Wall Street strategists are debating whether the current AI-driven market boom mirrors the dot-com bubble of 1997 or 1999. Some point to extreme market concentration and rapid momentum rallies as signs of a 1999-like peak, while others argue the infrastructure buildout phase suggests a 1997-like early stage. A third perspective suggests the rally is driven by genuine earnings growth rather than just multiple expansion, complicating the historical comparison. AI
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IMPACT Market strategists are debating AI's role in current market valuations, drawing parallels to past tech bubbles.
RANK_REASON The article discusses market sentiment and historical comparisons related to AI, rather than a specific AI development or product release.
