AI hype reminiscent of dot-com bubble, but investors now focused on tangible, near-term earnings. Goldman exec Ben Snider notes differences in market approach today compared to dot-com era. Speculative activity down, with market focusing on semiconductors, hyperscalers, and power companies. Speculative Trading Indicator shows activity lower than in 2021. Jan Hatzius warns only “close to 0%” of US GDP growth attributed to AI in 2025.

Read more at Yahoo Finance: There’s a key difference between how investors are behaving now and during the dot-com bubble, Goldman Sachs exec says