Old is gold

Vaibhav Dingankar
8 months ago

The hottest thing in the stock market is suddenly boring tech

For bulls, the wild rally in a bunch of typically quiet companies that were founded before Mark Zuckerberg and Sam Altman were even born, demonstrates how unrelenting demand for AI computing gear is benefiting a broad range of businesses. To bears, however, it’s the latest sign that the stock market has been swallowed by a bubble that’s destined to pop.