The rapid rise in technology company valuations related to artificial intelligence is fueling concerns of a potential repeat of the dotcom bubble. OpenAI's valuation tripled in under a year, reaching $80 billion, while Nvidia became the first trillion-dollar chip manufacturer, largely due to its AI chip dominance.
Palantir's Peter Thiel worries about Nvidia's monopolistic hold on AI profits, drawing parallels to the dotcom bubble era. Venture capital funding hit a 2-year high at $55.6 billion in Q2, driven by significant investments in AI firms like xAI and CoreWeave, showcasing investors' enthusiasm for AI technologies.
Analysts have reset Nvidia's stock target after its trillion-dollar market gain, with a positive outlook fueled by the launch of the new Blackwell AI processors, securing a substantial market share.
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