[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 307K followers Created: 2025-07-21 22:59:51 UTC The AI stock boom may be heading for a painful correction, warns Apollo Global Management Chief Economist Torsten Sløk. He believes today’s frenzy could lead to a crash even worse than the dot-com bubble of the late 1990s. Sløk points to the top XX companies in the S&P 500—like Nvidia, Microsoft, and Apple—as being more overvalued now than tech giants were back then. He says stock prices are out of sync with earnings, driven largely by AI hype. While many of these companies are profitable, Sløk argues their fundamentals don’t support the sky-high valuations. Investors are paying top dollar as if every AI promise will be fulfilled, but past bubbles show that’s rarely the case. Even as the S&P XXX approaches record highs, much of the rally is concentrated in just a few names. Sløk warns this kind of narrow leadership often precedes a sharp downturn. Other voices share his concern. Alibaba Chairman Joe Tsai recently warned about a bubble in AI infrastructure. Ray Dalio has also cautioned about high valuations and interest rate risks. Still, optimism remains strong. Analyst Dan Ives calls this the “golden age of tech,” believing AI will transform the economy. But if the bubble bursts, the fallout could be massive.  XXXXX engagements  **Related Topics** [rating agency](/topic/rating-agency) [coins ai](/topic/coins-ai) [$apo](/topic/$apo) [stocks financial services](/topic/stocks-financial-services) [$nvda](/topic/$nvda) [stocks technology](/topic/stocks-technology) [microsoft](/topic/microsoft) [Post Link](https://x.com/Benzinga/status/1947431355454738794)
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Benzinga @Benzinga on x 307K followers
Created: 2025-07-21 22:59:51 UTC
The AI stock boom may be heading for a painful correction, warns Apollo Global Management Chief Economist Torsten Sløk. He believes today’s frenzy could lead to a crash even worse than the dot-com bubble of the late 1990s.
Sløk points to the top XX companies in the S&P 500—like Nvidia, Microsoft, and Apple—as being more overvalued now than tech giants were back then. He says stock prices are out of sync with earnings, driven largely by AI hype.
While many of these companies are profitable, Sløk argues their fundamentals don’t support the sky-high valuations. Investors are paying top dollar as if every AI promise will be fulfilled, but past bubbles show that’s rarely the case.
Even as the S&P XXX approaches record highs, much of the rally is concentrated in just a few names. Sløk warns this kind of narrow leadership often precedes a sharp downturn.
Other voices share his concern. Alibaba Chairman Joe Tsai recently warned about a bubble in AI infrastructure. Ray Dalio has also cautioned about high valuations and interest rate risks.
Still, optimism remains strong. Analyst Dan Ives calls this the “golden age of tech,” believing AI will transform the economy. But if the bubble bursts, the fallout could be massive.
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