BS EDIT: The dotcom bust: Lessons for today’s AI boom

The rise and fall of dotcom stocks

Markets hit record highs in 2000, fuelled by internet optimism

Many firms lacked sustainable business models

By 2003, the bubble had fully burst

How India’s IT sector thrived

Y2K boosted India’s global IT presence

Infosys, Wipro, and HCL grew rapidly

"Bangalored" became a business term

Speculation and collapse

Traders drove up IT stock prices

Firms with "tech" in their name saw soaring valuations

When reality hit, many collapsed

The long-term winners

Apple and Microsoft thrived post-bust

Alphabet, Facebook, Netflix, and Nvidia listed later

Most early dotcom firms vanished

AI boom: another bubble?

2024 AI hype mirrors the dotcom era

DeepSeek showed AI progress may not need massive investment

Can investors avoid past mistakes?

Key takeaways for investors

Hype inflates bubbles, reality bursts them

Timing is everything

Only the strongest firms endure

AI is promising—but caution is crucial