US stock valuation is close to the level during the Internet foam

According to CoinDesk, the valuation of the U.S. stock market was close to the level of the Internet foam, and the Shiller CAPE rose to 42.18, only lower than 44.19 at the peak of the foam in 1999. Historical data shows that the S&P 500 index has fallen by about 50% since its peak in 1999. Analysis indicates that the AI boom is driving up technology stocks, and valuation risks in the US stock market are accumulating.