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Silicon valley is again betting everything on a new technology Explore key differences, risks, and what 2025’s ai surge means for markets and investors. Silicon valley’s new obsession and why it matters silicon valley is once again pouring billions, talent, and hype into a breakthrough technology

Yet, despite the feverish headlines and sky‑high valuations, the current ai surge differs fundamentally from the late‑1990s dot‑com frenzy. With investor unease over ai stocks having just wiped a trillion dollars from markets, have we really learned the big lessons from 25 years ago? Cramer explained that some on wall street doubt the validity of hyperscalers' huge investments in ai and data centers, and they fear the ai boom will bust and send the market into chaos like.

Portfolio manager alison porter draws on her experience of investing through multiple technology waves to explain why she and the team believe ai’s unique dynamics distinguish it from the dotcom era.

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