AI Bubble Peak & Market Bear Risks
A sharp debate is playing out between AI bears (who see a 2000-style bubble already popped) and bulls like Tom Lee, who dismisses bearish narratives and expects a post-midterm rally.
What we know
An account on X asserts the AI bubble popped in July 2026, drawing a Semis 2026 vs. 1999/2000 fractal comparison. Another account on X quantified the damage: $IREN -67%, $CRWV -61%, $AAOI -70% from 52-week highs. Meanwhile, another account on X repeatedly dismissed AI capex bubble warnings as 'too bearish,' and another account on X called TS Lombard's S&P -30% scenario overblown, predicting a strong post-midterm rally instead.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.