By Pam Martens and Russ Martens: June 20, 2024 ~ On Tuesday, a stock most Americans had never heard of four years ago – Nvidia – closed with a market cap of $3.34 trillion. That makes it the most valuable company in the world, overtaking Microsoft’s heady $3.32 trillion market cap. Nvidia’s share price (ticker NVDA) has soared 174 percent year-to-date while the S&P 500 is up just 15 percent. The much broader index, the Russell 2000, has flat-lined this year. (See chart above.) Without the gains from Nvidia, the S&P 500 would be reporting one-third less percentage increase year-to-date. Nvidia trades on the Nasdaq stock market. Its share price has been riding the artificial intelligence (AI) hype in a manner reminiscent of how the Nasdaq skyrocketed in value on the tech and dot.com mania of the late 1990s. That era did not end well, to put it mildly. The Nasdaq … Continue reading Is the Stock Market Setting Investors Up for a Tech Bust Similar to the Dot.com Bust?