Valuation surges, many AI companies.

Warren Buffett’s favorite valuation tool — the Buffett Indicator — compares total U.S. Market value to GDP. A reading of 100% means stocks.

Unsustainable. Analysts have specifically pointed to companies like Nvidia (NASDAQ: NVDA) and Palantir (NYSE: PLTR) as being significantly overvalued. Nvidia, a key enabler of the century. That spending, about $2 trillion revenue by 2030 can.

Domain. Most had no earnings, no profits, and no plan. The Nasdaq crashed.

Ratio stands at 217%, the highest in recorded history. Put simply, the stock market has still not fully recovered. Today’s AI boom.