📔 AI Supercycle vs. Dot-Com Bubble: Hype, Risk, and Reality

A detailed comparative analysis between the current Artificial Intelligence (AI) boom and the Dot-Com Bubble, arguing that while both share market exuberance, they differ fundamentally in financial structure and risk. It posits that the AI mania is led by financially robust technology incumbents, contrasting sharply with the insolvent, pre-revenue startups of the early 2000s. A primary distinction lies in asset depreciation, where rapidly obsolete AI hardware (GPUs) create a "use-it-or-lose-i...