Apollo, a prominent entity in the financial sector, has made a significant statement warning about the current AI bubble being larger than the 1990s tech bubble. They highlight the overvaluation of the top 10 tech companies in the S&P 500, comparing it to the tech bubble era.
BREAKING: Apollo has said that the current AI bubble is bigger than the 1990s tech bubble.
After Friday, Apollo's $APO Torsten Slok thinks that the top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s... He calls it the AI bubble... $MSFT $NVDA $TSLA $META $AAPL $GOOG $AMZN Does this⦠https://t.co/1iva22V82Q
Apollo issues warning on tech bubble $nq $es $nvda $msft $qqq https://t.co/AdrD16lbP5
'The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble.' https://t.co/vgMXHls9nE https://t.co/gskS6HLeFy
The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s https://t.co/UVUfDVXbI4 https://t.co/rxkvMpRywp
Huge statement from Apollo this morning: "The current AI bubble is bigger than the 1990s tech bubble." Apollo basically just said that the Dot-com bubble was just a preview of what we are in right now. They note that the Forward P/E ratio for the top 10 tech stocks right now⦠https://t.co/QoOb0aru5H