Group 1 - GQG Partners warns that the current technology market is experiencing "dotcom-era overvaluation," with high capital spending and weakening fundamentals potentially leading to significant repercussions [1][3] - The report titled "Dotcom on Steroids" argues that the AI-driven boom has created a precarious situation in the tech sector, characterized by rich valuations, increasing macro risks, and deteriorating company fundamentals [2][4] - GQG highlights that capital expenditure (CapEx) in the tech sector is reaching levels comparable to previous market bubbles, raising concerns about the sustainability of such high spending [4][5] Group 2 - The report indicates that big tech companies' CapEx as a percentage of EBITDA is currently between 50%-70%, similar to historical peaks during the telecom and energy bubbles [5] - GQG challenges the notion that today's tech companies are cheaper than those during the dot-com era, asserting that they are actually more expensive on a growth-adjusted basis [6][7] - Data shows that the share of S&P 500 companies trading at more than 10 times sales has surpassed the 2000 peak, indicating widespread overvaluation in the market [7] Group 3 - GQG concludes that there are "better investment opportunities outside the tech sector" due to the identified risks and overvaluation [7] - The report also includes performance data for major tech firms and AI-linked ETFs, highlighting their year-to-date and one-year performance metrics [9][10]

Global investment firm GQG Partners has issued a stark warning that the current technology market is exhibiting “dotcom-era overvaluation,” with a combination of soaring capital spending and weakening fundamentals that could lead to repercussions more pronounced than the 1999 crash.Current Conditions More Fragile Than Dotcom Bubble?In a new research report titled “Dotcom on Steroids,” the firm argues that the AI-driven boom has pushed the tech sector to a dangerous inflection point, masking underlying risks ...

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Why AI Stocks Are Giving Some Investors Dotcom Bubble Déjà Vu https://t.co/0ELMyCilCt https://t.co/pJMEy3JTPk ...

Why AI Stocks Are Giving Some Investors Dotcom Bubble Déjà Vu https://t.co/Q0jrjZP7j3 https://t.co/Iqh9LGLYII ...

Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2] - The individual has a background in auditing with PricewaterhouseCoopers before transitioning to day trading [2]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing with PricewaterhouseCoopers before transitioning to day trading nearly 20 years ago [2] - Successfully navigated significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]