This dot-com survivor says AI buildout is more like 1997 than 1999 — and still urges investors to have more cash

This dot-com survivor says AI buildout is more like 1997 than 1999 — and still urges investors to have more cash

The riveting gains for microchip stocks have many analysts drawing parallels to 1999, just ahead of the dot-com crash, when the build-out of a key technology led to parabolic moves and frenzied speculation.

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