The current AI-driven market boom bears “juicy” resemblances to the exuberant run-up of the late 1990s dot-com era, according to Jurrien Timmer, Director of Global Macro at Fidelity Investments.
AI Boom’s Trajectory Mirrors Dot-Com Bubble
In a recent X post, Timmer suggested investors be prepared for a 1999-style market melt-up, drawing direct parallels between today’s market dynamics and the period leading up to the 2000 tech bust.
Timmer’s analysis highlights how the AI boom’s trajectory closely mirrors the 1994-2000 soft landing bull market, particularly noting that the past six months (April-October 2025) resemble the post-LTCM (Long-Term Capital Management) melt-up of 1998-2000.
He points out that the earlier boom was supported by three rate cuts from then-Fed Chair Alan Greenspan, implying a potential similar scenario for current and future monetary policy.
Valuation Metrics Flash Red, Echoing 1999
Timmer’s observations come amid growing concerns from …