3 Charts Suggest Today’s Stock Market Is Nowhere Near 1999 Bubble Extremes

• The sharp rally in AI-related tech stocks over the past year has brought up old memories of the 1999 dot-com bubble.
• Some investors have warned that the stock market is exhibiting similarities today that were present right before the dot-com crash.
• But the three charts below suggest that today’s stock market is nowhere near the bubble territory of 25 years ago.

Rising market concentration, a new technology narrative, and stretched valuations suggest to some investors that today’s stock market is