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The Markets Are Bucking History

By Seeking Alpha May 13, 2026 Bearish
The Markets Are Bucking History
The current AI-driven equity rally mirrors late-1990s Internet Boom extremes, with valuations at or above historic bubble territory. Semiconductor stocks like MU and INTC have soared, pricing in years of future earnings on the back of unprecedented AI data center capex.
The current AI-driven equity rally mirrors late-1990s Internet Boom extremes, with valuations at or above historic bubble territory. Semiconductor stocks like MU and INTC have soared, pricing in years of future earnings on the back of unprecedented AI data center capex.