The dotcom bubble peaked 25 years ago today. Is history repeating?
With the magnificent seven firmly in correction territory and a mild US growth scare building, investors are right to be worried about the shift in sentiment.
The animal spirits that Donald Trump was supposed to unleash seem decidedly absent just now. But they haven’t been completely wiped out.
Last week, OpenAI co-founder Ilya Sutskever managed to close a $US2 billion ($3 billion) capital raising that valued his start-up at a staggering $US30 billion. It’s a big number by itself, and makes the secretive company, Safe Superintelligence, more valuable than Woodside Energy, Woolworths and Transurban.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
