This time the bubble has companies firing tens of thousands of employees because they think AI has made then redundant. When the bubble popped the first time, the internet thing stuck around and was a permanent change, popping the bubble wasn't a return to the status quo. I wonder how it will work out this time.

Feeling which way? Demand for chips are much higher than it was at the peak of the dot-com bubble. That was a painful period, but only a blip in the history. Everything considered “hype” back then has become reality, at a scale that was beyond any dot-com era expectation.