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'Canadian Warren Buffett': Tech Stocks at Dot-Com Highs, Set to Plunge

Prem Watsa, the billionaire boss of Fairfax Financial, sees growth stocks like Amazon and Tesla tumbling in the months ahead. ....

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ChatGPT Is Overhyped and the Craze for AI Stocks Is Set to Fizzle

The ChatGPT craze is reminiscent of other bubbles, and skyrocketing AI stocks will eventually have to come back down to earth, one strategist says. ....

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'Big Short' Michael Burry Hints Stock Rally Will End With Epic Crash

Burry hinted the S&P 500 and the Fed's benchmark interest rate could both fall dramatically, as they did in 2001 and 2002. ....

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CNN CNN Newsroom Live June 4, 2024 10:46:00

The number of layoffs in the secondtor were the sector were the highest since the dot com crash of more than 20 years ago. as a tech historian, put what we re seeing now into context. yeah. well, this is different than the dot com crash. look, there s some similarities then in 2000, 2001 you had rising interest rates, you had macroeconomic conditions that were affecting the flow of capital into the tech market, startups and big companies. there was a lot of froth and hype around certain things. we could say a good parallel to the dot com hype was crypto, which even before the layoffs of recent months was already entering its winter. but i think what s really different is the scale of tech. in 1999 and 2000, the industry was much smaller. it was important and agreeing and exciting, but it was not the thing on which everything else ran. the companies were not as large. ....

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America Online: A Cautionary Tale

On the rise and fall of the quintessential ’90s online service provider and a warning about today’s social-media giants. ....

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