A seemingly unstoppable rise in stock prices since investor panic over US President Donald Trump's tariffs abated in April might finally be coming to a halt.
Markets were on track to drop for their fourth straight day on Tuesday, as worries abound over the health of the US economy and about sky-high valuations for tech and artificial intelligence companies.
There are hints the AI boom might have reached a peak, at least for now, giving market watchers flashbacks to the late 1990s internet bubble. When it burst in 2000, countless internet start-ups were wiped out, tens of thousands of people lost their jobs and venture capital investments froze.
The internet survived and became the next big thing, but investors, developers and banks still bear scars from the episode. Some are worried that with AI investments eclipsing those of the dot-com frenzy, something is lurking.
Google's chief executive Sundar Pichai on Monday hinted there may be cause for concern, telling BBC News that “there are elements of irrationality” with AI investments.
Mr Pichai also spoke at length about why he felt AI investments would eve
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