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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Veteran NYSE trader says AI rally differs from dot-com peak

A2D News Desk

Peter Tuchman, a longtime New York Stock Exchange trader, said he is not worried that the current AI-driven stock rally is headed for a crash like past market collapses.

Tuchman pointed to stronger earnings and lower valuations among leading AI-linked companies compared with many dot-com-era stocks. Nvidia is trading at 24.8 times forward earnings, while Cisco traded above 100 times forward earnings at its peak.

He also cited continued retail investor support. Federal Reserve data show the top 10% of Americans by wealth own 87% of U.S. stocks and mutual fund shares, and JPMorgan found retail investors bought $270 billion in stocks in the first half of 2026.

Read the full story at businessinsider.com.

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