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The AI boom is creating enormous wealth. But it’s also creating a familiar concern: Has it gone too far, too fast, setting up a crash?
In today’s Friday Digest takeover, legendary investor Louis Navellier draws a fascinating comparison between today’s AI-driven market and the internet boom of the late 1990s. Not because he believes a crash is imminent, but because he sees many of the same forces at work: massive capital spending, powerful technological change, and investors trying to separate lasting winners from temporary hype.
The difference, Louis argues, is that today’s boom is backed by something many dot-com companies lacked: real earnings, real sales, and massive order backlogs.
Of course, that doesn’t mean the ride will be smooth. Below, Louis explains why he believes AI stocks have substantial upside ahead, but also why those gains will test investors’ nerves.
