Booming stock market led by tech has some saying it feels like the 1999 internet bubble

Market Sentiment & Valuation Concerns - US markets are setting record highs, fueled by trillions in spending on artificial intelligence [1] - The tech-heavy NASDAQ has doubled in the past three years [1] - The chairman of the Federal Reserve called stocks fairly highly valued [1] - Billionaire investor Paul Tudor Jones suggests this bubble 2.0 could be even bigger [2] - Warren Buffett's measure of stock market valuation versus GDP is at levels dwarfing the peak of 25 years ago, reaching heights he has said is "playing with fire" [4] AI & Tech Sector Analysis - Some analysts are drawing comparisons to the dot-com bubble, questioning whether AI is helping enough companies make more money yet [2] - Massive spending deals in the AI sector are being described as circular by some [2] - One tech analyst believes the current AI arms race is more like 1996 than 1999, suggesting there's still more room to run [5] Risk Assessment & Potential Correction - JP Morgan Chase CEO Jamie Dimon is concerned about a stock market correction (a fall of more than 10%) [6] - The timing of a potential market correction is considered almost impossible to predict, even for experts [6] - The market is described as frothy, reminiscent of the late 90s, when the Fed warned of irrational exuberance [5]