The AI boom isn’t a replay of the dot-com bust

The Globe and Mail
August 4, 2026.

Anwar Husain, Senior Investment Advisor at Richardson Wealth, explores the similarities and differences between today’s AI-driven market rally and the dot-com boom of the late 1990s.

He shares that the most meaningful difference is arguably the fact that the major players in the AI boom are generating billions in revenue and profits – a stark contrast to most dot-com companies which were unprofitable and had no revenue.

The common saying “history doesn’t repeat itself, but it often rhymes” applies today: Market booms and bubbles in the financial markets may have similarities but they are never the same.

*Globe advisor subscription required.

Related articles

2026

Geopolitical and economic instability add to ‘ethical ambiguity’ around ethical investing

September 1, 2026 - Andrew Feindel writes that as geopolitical instability and economic sovereignty reshape how investors define a “responsible” investment, that distinction is becoming…

2 minute read

2026

The IPO Party Is Back. Just Don’t Forget the Hangover

August 1, 2026 - Lynn MacNeil writes about writes about the excitement surrounding the latest wave of mega-IPOs, including SpaceX, OpenAI and Anthropic. For investors,…

2 minute read

2026

This advisor found a book to co-purchase after leveraging her expertise in tax and estates

July 29, 2026 - Alysha Tse shares how and why she partnered with Chernick James Tse & Associates Wealth Counsel, as the practice prepared for…

2 minute read