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The AI boom of today and the telecom bubble of 1990s share these similarities

Summary by Ground News
Deutsche Bank analyst Jim Reid: The stock market can be fickle, and it doesn't always reward the pioneers of a new technology over the long term. Reid highlighted that telecom stocks never made it back to their bubble-era peaks, even as cellphone adoption by 2024 surpassed even the rosiest forecasts.

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The AI boom of today and the telecom bubble of 1990s share these similarities

There are important differences between the two trends as well, notes Deutsche Bank analyst Jim Reid.

·United States
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MarketWatch broke the news in United States on Wednesday, February 21, 2024.
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