{"id":189203,"date":"2026-02-20T12:50:00","date_gmt":"2026-02-20T17:50:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/20\/ai-stocks-and-the-new-tech-cycle-lessons-from-past-booms-and-busts\/"},"modified":"2026-02-20T12:55:13","modified_gmt":"2026-02-20T17:55:13","slug":"ai-stocks-and-the-new-tech-cycle-lessons-from-past-booms-and-busts","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/20\/ai-stocks-and-the-new-tech-cycle-lessons-from-past-booms-and-busts\/","title":{"rendered":"AI Stocks and the New Tech Cycle: Lessons From Past Booms and Busts"},"content":{"rendered":"<p><a href=\"https:\/\/global.morningstar.com\/en-eu\/markets\/ai-stocks-new-tech-cycle-lessons-past-booms-busts\">AI Stocks and the New Tech Cycle: Lessons From Past Booms and Busts<\/a><\/p>\n<p><a href=\"https:\/\/global.morningstar.com\/en-eu\/markets\/ai-stocks-new-tech-cycle-lessons-past-booms-busts\">https:\/\/global.morningstar.com\/en-eu\/markets\/ai-stocks-new-tech-cycle-lessons-past-booms-busts<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-02-20 12:50:00<\/a><\/p>\n<p>Source Domain: <a href=\"global.morningstar.com\">global.morningstar.com<\/a><\/p>\n<ul>\n<li>\n<p><strong>Technological Change Complexity<\/strong>: The AI boom highlights the immense challenges of identifying ultimate winners, emphasizing that technological progress doesn&#8217;t guarantee market rewards. Despite genuine innovations, outcomes are difficult to predict and navigating through this complexity requires patience and a long-term investment strategy.<\/p>\n<\/li>\n<li>\n<p><strong>Historical Parallels<\/strong>: The current AI market tumult mirrors the dot-com boom, where exuberant expectations often led to significant market disruptions. Even with sound structural insights, quick shifts in market narratives and competitive dynamics can cause sharp, unexpected reactions.<\/p>\n<\/li>\n<li>\n<p><strong>Market Volatility and Investment Lessons<\/strong>: Episodes such as the DeepSeek volatility and the software selloff triggered by Anthropic&#8217;s new AI model illustrate the intense market volatility inherent in periods of rapid technological change. These events underscore the necessity for a diversified approach and caution against trying to pick short-term winners, as complexities and costs involved often outweigh potential benefits.<\/p>\n<\/li>\n<li>\n<p><strong>Emphasis on Adaptation<\/strong>: Just as established firms during the dot-com era managed to adapt and integrate new technologies into their business models, the same adaptation principle likely applies in AI. Companies&#8217; future success will depend on how they integrate AI into their products and strategies, even amid market volatility.<\/p>\n<\/li>\n<li>\n<p><strong>Uncertain Payoffs in AI Investment<\/strong>: Unlike the dot-com bubble, AI today involves extraordinary capital investments and is still uncertain in its payoffs. This investment frenzy coupled with high price volatility suggests a need for a cautious, patient approach, acknowledging both AI&#8217;s transformative potential and the uncertainty around its future benefits.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI Stocks and the New Tech Cycle: Lessons From Past Booms and Busts https:\/\/global.morningstar.com\/en-eu\/markets\/ai-stocks-new-tech-cycle-lessons-past-booms-busts Publish&#8230;<\/p>\n","protected":false},"author":1,"featured_media":189204,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/morningstar-morningstar-prod.web.arc-cdn.net\/resizer\/JVkv4Vtt90k7fptze8mfBPPaN0k=\/2400x1350\/cloudfront-us-east-1.images.arcpublishing.com\/morningstar\/TAAE7KR7OJF5VHV57AECDFHW5Q.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-189203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/189203"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=189203"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/189203\/revisions"}],"predecessor-version":[{"id":189205,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/189203\/revisions\/189205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/189204"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=189203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=189203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=189203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}