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Ross Gerber rejects AI bubble comparison to dot-com bubble, criticizes Warren Buffett for reducing Apple stake. Believes tech valuations are justified by profitability. Current AI boom not as unsustainable. High valuations of tech companies justified, potential of AI to drive earnings. S&P 500 had similar returns before dot-com crash.
Tech investor Ross Gerber dismissed comparisons between the AI boom and the dot-com bubble, criticizing Warren Buffett for reducing his stake in Apple Inc. Gerber stated that the AI boom is not comparable to the dot-com bubble, noting that the S&P 500 had similar returns leading up to the crash. He believes tech companies' high valuations are justified by profitability, citing Alphabet Inc. and NVIDIA Corporation as examples. Gerber expressed confidence in AI driving productivity and earnings, contrasting it with smartphones. Article available on Benzinga.com.