🔴The AI bubble is now larger than almost every market bubble in history:



The 'AI Big 10', comprising the Magnificent 7 plus Broadcom, AMD, and Micron, now accounts for a record 40% of total US stock market capitalization.

This matches the peak concentration of the Nifty Fifty bubble of the 1970s and the 2000 Dot-Com Bubble.

Including the upcoming mega IPOs of OpenAI, Anthropic, and SpaceX, AI-related market concentration would surge to ~48%, surpassing every major bubble on record.

The only bubble in history with greater concentration was the Railroad bubble of the 1880s, which peaked at 63%.

Is the AI bubble near its end, or is there further room to run?

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