What the Dot-Com Bust Can Tell Us About Today’s AI Boom - WSJ
Twenty-five years ago this week, the Nasdaq Composite Index hit its dot-com-era peak after soaring more than 500% in five years. Its subsequent collapse was swift and brutal.Small investors lured by a promising new technology called the internet lost fortunes. The economy stumbled. Highflying companies like Pets.com, TheGlobe.com and Webvan collapsed.