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The boom in the development of artificial intelligence technologies has not yet led to the emergence of a "bubble" in the stock market, Fundstrat analyst Tom Lee is sure, writes Investing.com .

Lee compares the current hype around AI with the dot—com bubble, which occurred in 1995 - 2001. Then, at the peak, the growth in the value of some overvalued companies reached 102,900%.

Now companies related to the development of artificial intelligence have risen in price by only 323%. And it's still a long way from a bubble, says Fundstrat analyst.

If you explain it in simple words, the reason for the dot-com bubble was a sharp rise in the popularity of the Internet. The demand for shares of Internet companies greatly exceeded the supply, which is why the value of their securities soared. At the same time, the Internet companies themselves could not meet the expectations of investors.

In 2000, the dotcom crisis began. Investors began to sell their shares of Internet companies, fearing to lose all their money. The demand for these securities fell below the supply, and their prices began to fall very quickly. In two years, the NASDAQ index has lost almost 80% of its capitalization. Subsequently, it was called the "explosion of the dot-com bubble."

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