Most Important Article For Long-Term Investors -- The AI Bubble -- July 26, 2023

Locator: 45216INV. 

The AI bubble, link here. Archived.

Think there's a bubble in the stock market fueled by hype surrounding artificial intelligence? Think again, says Fundstrat's Tom Lee. 

In a video to clients on Monday, July 24, 2023, Lee outlined three reasons why the stock market has yet to enter a bubble. T

o make his point, Lee compared the price action of Nvidia stock today to Cisco during the 2000 dot-com bubble. The comparison makes sense given that Nvidia is seen as one of the biggest beneficiaries of the AI boom, while Cisco was the poster child of the dot-com bubble thanks to its suite of networking products during the internet boom.

From 1990 to 1997, $100 invested in Cisco stock turned into $11,500. That may sound like a bubble to most people, but what happened next defied everyone's expectations.

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Dow Winners During The Streak

Link here.

Just scratches the surface.

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The Book Club

Philip and Alexander: Kings and Conquerors, Adrian Goldsworthy, c. 2020. 938GOL.

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