Aswath Damodaran: the current AI drawdown is a correction within the wave, not the end of it
pdamodaran · x · 2026-11-09
Valuation expert Aswath Damodaran published a technical comparison of the AI boom vs. the dot-com boom, focusing on drawdown parallels and differences as one yardstick for cycle positioning. His verdict: the current drawdown matches a correction inside the AI wave, not the end of it — though he cautions it's only one measure.
Related event: AI Selloff Is a Correction, Not a Bubble Burst, Analysts Say(2 posts)→
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