Why AI has a familiar tune to the Dot-Com Bubble

00:00 Speaker A

Tech Heavy Nasdaq is preparing to build on Friday’s rebounds, but as a rumor on the concerns of an AI market balloon, the technology stocks in the hot seat.

00:06 Speaker A

Cory Johnson, Epistrophic Capital Research, Chief Market Strategist, is now joining us to discuss. Cory, it is great to see you, especially on the set.

00:13 Cory Johnson

Here.

00:14 Speaker A

Here, meat. Meat.

00:15 Cory Johnson

In your city. Skyscrapers and everything.

00:16 Speaker A

Let’s talk, uh, big picture.

00:19 Cory Johnson

There is a Stevie Wonder reference.

00:20 Speaker A

Um, I understand. Ai Balloon.

00:22 Cory Johnson

Yes.

00:23 Speaker A

Talk about it. I heard Ken Griffin told CNBC UH, the echoes of a Dotcom balloon.

00:29 Speaker A

Mr. Griffin, David Einhorn, Smart Man

00:34 Cory Johnson

Yes. Great, wonderful short seller.

00:34 Speaker A

He throws red flags on all these AI expenditures.

00:38 Cory Johnson

They love him.

00:38 Speaker A

What are you thinking? Do you hear the repercussions of a Dotcom balloon?

00:42 Cory Johnson

Customers have familiar sounds like trading outside the cash for the product, right?

00:49 Cory Johnson

We have Nvidia, we give chips that sell for a calculation, and both sides recognize it as income. I think these are things that accountants should look at.

00:58 Cory Johnson

We see that companies make an agreement with other companies and make an agreement with other companies. And sometimes it is not a change of cash. This is something we saw during the .com period.

01:06 Speaker A

And does this concern you?

01:07 Speaker A

Are you hearing echoes?

01:08 Cory Johnson

These sound like what we heard at that time. Certainly, there are certainly some fake AI companies. We have companies that put AI in press releases, so that they can get support in their stocks.

01:18 Speaker A

The marketing feather you say.

01:19 Cory Johnson

There were some of these, and I’m sure some of these companies were short. Currently, I am not cutting some of these companies in my small portfolio. I don’t give investment advice but you know, you know

01:25 Cory Johnson

Full description. UM, but I believe that the use of AI has just started and the chips and things sold in the construction of these data centers are used. In 1999 and 2000, as we have seen for the future of the Internet, they do not sell capacity, but only companies such as Worldcom and Global Crossing and UM Quest and others had numerous accounting fraudsters.

01:42 Cory Johnson

These are the names you will not remember at that time. But these were the major companies of that period, some and some proved that there were full fraudses like Worldcom and Really Enron.