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.
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