Top 10 Nasdaq stocks surpass dot-com peak with 784% gains

11 articles · Updated · The Wall Street Journal · May 8

BTIG said the group’s average rise through Tuesday topped the 622% gain recorded by the top 10 Nasdaq performers through March 2000’s third week.
The report said AI-driven winners have pushed the boom beyond some dot-com-era measures, even as profitable giants such as Nvidia, Alphabet and Microsoft trade below the extreme valuations seen then.
Still, elevated S&P 500 valuation multiples and the heavy index weight of AI-related stocks suggest any return to more typical pricing could be painful, though strong tech earnings may keep the rally going.

With valuations soaring past dot-com levels, what signal could warn investors the AI bubble is about to pop?

Are profitable AI giants like Nvidia truly comparable to the profitless dot-com startups of 2000?

Is the AI stock boom a genuine tech revolution or just history’s next great speculative mania?