Yes. We are living in a new internet dot com bubble, driven by AI. So it may be called an AI bubble.
The Magnificent 7 technology stocks Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, NVIDIA are driving the AI boom, along with Arista Networks, AMD, Palantir and other artificial intelligence related stocks.
The Magnificent 7 technology stocks are overvalued by circa 48 % on average. Tesla by more than 81 % and NVIDIA is overvalued by 62 %, according to Wolfteam Ltd.'s projections and estimates.
Mr 'Market' is just getting ahead of itself. The revenue and profit forecasts of Wall Street equity research analysts for Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, NVIDIA, along with Arista Networks, AMD, Palantir, other AI stocks are way too optimistic, in Wolfteam Ltd.'s view.
The macroeconomic forecasts of Wall Street economists are also too rosy, being mildly optimistic also.
The artificial intelligence, AI boom will go on blowing bubbles for the next three years, according to Wolfteam Ltd.'s projections.
Afterwards, the Standard and Poor's stock market index, which is technology heavy due to the increases of market capitalization of technology stocks, could correct by more than 52 %.
Afterwards, however, from the ashes of the AI boom and bust, the new equivalents of Amazon and Alphabet, the Google owner will emerge. Much like after the dot com boom and bust. Meta, Facebook and Twitter also were founded several years after the dot com bust, to be exact.
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