Thoughtful Money with Adam Taggart · Tuesday, July 14, 2026
Fred Hickey draws parallels between the current AI-driven market and the dot-com bubble of 2000, warning of a potential collapse. He suggests that if expectations for AI stocks falter, similar to how tech earnings collapsed in 2000, the market could see a significant downturn.
“The problem is is that when you get great bubbles like this, as we saw in 2000, the earnings will collapse, as they did in 2000, and then uh or expectations will collapse, and then the stocks will fall apart.”
“Will this new AI-powered tech renaissance continue powering the indices higher for years to come, or is this extreme dependence of the markets on a single sector a major vulnerability, putting all of our hopes into a handful of companies that may not be able to keep growing at the meteoric rates that Wall Street is expecting?”