Tech has come roaring back in 2023. Stocks are soaring. Hedge funds and

venture firms are dipping back into the market seven companies referred to on

Wall Street as a

magnificent seven they have led the broader markets

expanding tax leadership and creating trillions of dollars in value. The

biggest narrative this year, artificial intelligence.

This week in Tech Check, the tech trade is back, but can it last?

Hype cycles come and go.

The Metaverse, Web3, crypto.

What about the mother of all tech cycles, the dot-com bubble and burst?

So right now, are we in the middle of another one with the generative AI and chat

GPT?

Socks like Invidia at Microsoft, they are at all-time highs,

and those stocks in turn have driven the

S&P. The seven biggest tax stocks are responsible for functionally all of the

S&P stock gains in 2023. So if this feels like a moment of gigantic hype, you wouldn't be mistaken. But so was

1999.

You remember when we'd go to cocktail parties in 1999 in 2000 and everybody and his brother mother sister you know

uncle cousin would be asking you how to get in on this I will never forget going to a

Chinese restaurant in Ashboro North Carolina and the waiter asking me about CMGI.

But if you take a look at the numbers, this moment of AI-Mania has nothing on the dot-com bubble.

And based on the earnings and revenue figures on Wall Street

...