A 28-year market vet shares 2 similarities between the dot-com bubble and today’s stock market environment — and 4 threats to the AI trade that could spoil the rally

• Companies are hyping AI in earnings reports, resembling the dot-com bubble era tactics.
• Concentration in AI stocks also exceeds dot-com bubble levels.
• Despite some parallels, performance today is based on real earnings. But how long can it last?

There are two major similarities between today’s stock market environment and the dot-com bubble era, says RIA Advisors CIO Lance Roberts.