GeoffF100 wrote:vagrantbrain wrote:I don't agree. The difference I see is between now and the 90s tech boom is that these "bubble" tech companies (with the possible exception of Tesla) are established businesses with real revenue and real growth to support valuations.
Taking Microsoft for example - it's biggest revenue stream is now enterprise cloud computing which has been growing by over 50% per quarter for the last 4 years, and these aren't one-off sales but recurring annual revenue from blue-chip companies who are now heavily invested in the Azure infrastructure. On a P/E less than the S&P500 average (33 v 46) with revenue growth in 14 of the last 16 years. Hardly a speculative punt.
Similar story with Apple - right at the start of a technology curve with Apple Silicon chips which are wiping the floor with their competitors.
What are you disagreeing with?
That there's an equity bubble about to burst