From Dot-com to Dot-AI: Is History Repeating?

Podcast
17 min listen
March 27, 2025
In this episode

It’s been 25 years since the peak of the dot-com bubble. To mark the occasion, we discuss parallels between today’s AI-driven market boom and the dot-com era with MSCI’s Donald Sze, exploring market sentiment, lessons from history and implications for investors navigating current dynamics.

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Perspectives Podcast

Join us as we explore the issues global investors are talking about and uncover insights from industry experts that help keep it all in perspective.

Feeling Déjà Vu After 25 Years?

The pullback in U.S. mega-caps coincides with the 25th anniversary of the dot-com bubble's peak. The parallels between then and now are striking. However, today's top-performers exhibit higher profitability, stronger growth and lower valuations than their dot-com counterparts.

Crowd Control, Momentum and Concentrated Markets

In concentrated markets, investors can become wary of portfolios dominated by sentiment factors. A simple crowding-score-based constraint can help investors identify securities most at risk of de-rating.

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