Tech concentration is higher than the dot-com peak, momentum is approaching bubble-era extremes, and Goldman says that perhaps much more than 70% of recent wealth creation has come from AI. What could possibly go wrong?

Sky-high valuations, rampant speculation, and "paper wealth" vastly outpacing actual cash flows...

AI's rapid growth may lead to bubble similar to past tech booms, says Ray Dalio. Bubbles often form due to difficulty in valuing innovation.