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![SethCL Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::568403097.png) Seth Golden [@SethCL](/creator/twitter/SethCL) on x 56.3K followers
Created: 2025-07-25 12:35:47 UTC

NOT A BUBBLE:  

X of the MAJOR differences between late '90s/Dotcom period and Today's/AI period is that market cap concentration rose in both periods, but net income has ONLY risen alongside market cap concentration during this AI period.

$SPX $SPY $QQQ $NVDA $SOXX $AMZN $AAPL

![](https://pbs.twimg.com/media/GwtCBXwW8AEWttc.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948723857487003883/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[amzn](/topic/amzn)
[nvda](/topic/nvda)
[qqq](/topic/qqq)
[spy](/topic/spy)
[spx](/topic/spx)
[$soxx](/topic/$soxx)
[$qqq](/topic/$qqq)

[Post Link](https://x.com/SethCL/status/1948723857487003883)