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The eerie parallels between AI mania and the dot-com bubble
Mint Chennai
|December 15, 2025
Is it karma?
Coincidence? Either way, the ghost of the dotcom bubble is back 25 years late.Shares in Cisco Systems, the dotcom-era champion that became the world’s most valuable company at its peak in March 2000, this week reached that level again for the first time. It’s a cautionary tale of how far stock prices can depart from reality.
Bulls spend a lot of time denying that there's a 1990s-style bubble inflating again in artificial intelligence. But it’s worth going through a few of the striking similarities, and some notable differences.
Valuation
This story is from the December 15, 2025 edition of Mint Chennai.
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