[aurareturn]

Sure but Nasdaq is still more than 4x higher now than peak dotcom.

But we’re not peak AI yet in my opinion. Companies aren’t IPOing at dizzying valuations with just an idea and a few html developers.

The vast majority of the AI boom is centered around companies that were successful before the boom. Apple. Nvidia. Microsoft. TSMC. Google.

[rsynnott]

Don’t necessarily take IPOs as a signal; the early IPO is not as attractive as it once was, for a wide variety of reasons. Companies with no product taking hundreds of millions in private funding should arguably be seen as the modern equivalent.

[thunky]

If those companies fail, will it matter? NASDAQ had had a huge impact when it crashed, however.

[aurareturn]

But retail investors generally don't get hurt from those companies - only VCs.