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Concern over artificial intelligence valuations has sharpened into one of the more persistent arguments in equity markets. CNBC's Jim Cramer pushed back directly, saying fears about AI-driven market froth are overblown.
His benchmark: today's stock market is far less concerning than conditions during the dot-com bubble.
The dot-com comparison as a frame The dot-com era is where market observers typically anchor discussions of technology excess. Cramer's choice to reach for that comparison is deliberate.
He argued on CNBC that the parallel being drawn between that period and the current AI cycle does not hold up, and that froth concerns circulating today are being overstated relative to what the dot-com period actually represented.
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