最新报道:Current market valuations echo dot-com bubble levels, with forward P/E at its highest since the tech bust and Shiller P/E near historic peaks. AI-driven exuberance fuels massive spending, as seen in Oracle's 30% surge on OpenAI's rumored $300 billion commitment and reports of record hiring bonuses. Despite minimal AI revenue so far, FOMO drives investment, with warnings that the music stops when AI capex does. The key question: are we in 1996 (early innings) or 1999 (bubble peak)?