Part 8/15:
A pressing question is whether current AI enthusiasm constitutes another bubble like the dot-com collapse. Casado carefully delineates between speculative valuation bubbles and systemic collapse. While he acknowledges overvaluations and market exuberance, he asserts that current fundamentals significantly differ from those of the late '90s—most notably the strong financial health of tech giants, their massive infrastructure investments, and the conservative nature of recent valuations.