Today's AI Frenzy vs Yesterday's Internet Frenzy
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The current AI boom stands in stark contrast to the past internet bubble. The performance of the chip index relative to the S&P 500 index is close to the peak of the internet bubble. Recently, Oracle's profits fell short of expectations, leading to a sell-off in AI stocks. Goldman Sachs' Bobby Molavi vividly metaphorically stated that although people always feel the party will last, the hangover will eventually come, and the key is when
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