The stock market has been on a rollercoaster since 2025, with the S&P 500 and Nasdaq 100 both down by over 10%. The timing of this is not random, as this month marks 25 years since the original internet bubble blew up and wiped out trillions. Big techs are pouring in cash to build out AI infrastructure. The AI boom looks different on paper, but the structure feels the same. The dot-com bubble wiped out about $5 trillion, and the same mistakes are back on Wall Street—just dressed up as machine learning this time.
The stock market has been on a rollercoaster since 2025, with the S&P 500 and Nasdaq 100 both down by over 10%. The timing of this is not random, as this month marks 25 years since the original internet bubble blew up and wiped out trillions. Big techs are pouring in cash to build out AI infrastructure. The AI boom looks different on paper, but the structure feels the same. The dot-com bubble wiped out about $5 trillion, and the same mistakes are back on Wall Street—just dressed up as machine learning this time.