“It’s a tech bubble!” …Since 2013?

Every few months since 2013 we’ve heard the doom warning: “It’s a tech bubble. It’s an AI bubble.” Twelve years on, that supposed burst hasn’t arrived.

What would a real “burst” look like?

A bubble burst is usually defined a 50% decline from peak. The Nasdaq‑100 hasn’t seen that since the 2007–08 financial crisis.

The score since 2013:

Back then the Nasdaq‑100 was around 2,700. Today it’s about 23,400—roughly 9× higher. If you’d stepped aside every time someone yelled “bubble” and parked in gold instead (a bit more than 2×over the same span), you’d have ended up with far less than if one would have ben invested in tech.