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The AI craze has companies even ‘more overvalued’ than during the 1990s dot-com bubble, economist says – Quartz

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With tech companies and stocks buzzing amid a tight race in AI development, one economist is warning that the current AI hype has surpassed the 1990s dot-com era bubble.

Are we in an AI bubble? | Whats next for Nvidia?

The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s, Torsten Slk, chief economist at Apollo Global Management, wrote on The Daily Spark.

Slks warning comes after chipmaking powerhouse Nvidia became the first company in the semiconductor industry to reach a $2 trillion market valuation on Friday, driven by the boom in the AI industry. The previous week, Nvidia beat out Amazon and Google parent Alphabet to take the spot for third-most valuable company in the U.S. by market cap. The company saw its stock dip before fourth-quarter earnings as investors worried the rally had gone too far, but Nvidia beat Wall Street expectations when it reported revenues had increased 270% from the previous year to $22 billion.

Accelerated computing and generative AI have hit the tipping point, Nvidia founder and CEO Jensen Huang said in a statement. Demand is surging worldwide across companies, industries and nations.

After Nvidias earnings, some investors and analysts were similarly wary about what its performance means for the future.

Another blockbuster quarter from Nvidia raises the question of how long its soaring performance will last, said Jacob Bourne, a senior analyst at Insider Intelligence. Nvidias near-term market strength is durable, though not invincible.

Meanwhile, a study from Citigroup found the stock rally isnt necessarily something to worry about.

The AI bubble is not in trouble, and, if anything, earnings performance suggests that it is less of a bubble to begin with, a team of quantitative strategists at Citigroup said. The group added that if a stock is boosted over 10% on an earnings day (Nvidias was up 16% on its earnings day), then those large-caps with strong performance into earnings continue to perform very well for the next three months.

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The AI craze has companies even 'more overvalued' than during the 1990s dot-com bubble, economist says - Quartz

‘There was a lot of anxiety’: Florida’s immigration crackdown is causing patients to skip care – POLITICO

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One pregnant patient experiencing alarming pain nearly refused to go to an emergency room out of fear that shed be arrested and deported, she said. A staffer at the clinic had to personally escort the patient to the hospital.

There has definitely been an uptick in the nervousness and apprehension that a lot of immigrants already had when they had to think about getting treatment, Thomas said. But I have faith that we will get through this.

DeSantis law is even affecting clinics and organizations that dont receive federal dollars, and the law applies to migrants even though they dont receive Medicaid assistance.

Officials with the Consulate of Mexico in Orlando, which for years has operated a program offering free health care to migrants from all over the world, said fewer migrant women have shown up for free medical check-ups and prenatal care since the law took effect in May. The number of patients accessing free mammograms services, for example, has dropped 18 percent, according to the consulate.

This fear of anything health related has negatively affected the prevention of diseases within our migrant community, the consulate said in a statement.

The consulate does not receive Medicaid reimbursements.

While several states have cracked down on immigration in recent years including a law in Texas that makes it a crime to enter the state illegally from a foreign country Floridas law is believed to be the only one in the nation that requires hospitals to ask patients about their immigration status.

Undocumented immigrants in general arent eligible for federal health benefits, but some states access Medicaid dollars to help undocumented immigrants. Last year, California became the first state in the country to offer health insurance to undocumented immigrants through its Medi-Cal program, which is supported through state and federal taxes..

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'There was a lot of anxiety': Florida's immigration crackdown is causing patients to skip care - POLITICO