Everything on Market Valuation

AI hardware valuations, particularly in memory chips and Nvidia, are exhibiting characteristics of the 2000 dot-com bubble, with prices significantly outpacing fundamental earnings growth.

Impact: High risk of a sector-specific correction, necessitating a shift toward AI companies with established cash flow and diversified revenue streams.

— from Market Strategy: Fed Nomination, AI Valuations, and DAX Rotation · Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT· Feb 03, 2026