Billionaire Mark Cuban Compares the AI Buildout to the Dot-Com Era Fiber Glut. Here's What That Could Mean for AI Stocks.
Cuban sees troubling parallels between the two tech-sector infrastructure booms.
Overview
Mark Cuban recently warned that the current artificial intelligence (AI) build-out -- the race to build as many data centers as possible as quickly as possible -- has echoes of 1999.
The billionaire thinks the build-out rhymes with the race to lay internet-enabling fiber optic networks in the late 1990s -- a somewhat underdiscussed aspect of the dot-com boom and eventual bust.
Details
So, given that AI companies now make up something like 40% of the value of the S&P 500 (SNPINDEX: ^GSPC), should investors be worried?
Source
Originally published at www.fool.com.
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