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Chart of the Week: Dotcom bubble IPOs

Lessons for boomtime investing

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Good morning. The second half of 2026 is expected to bring a landslide of tech IPOs. After years of start-ups preferring to stay private, tech companies — led by the AI labs — are preparing to return to the stock market, at otherworldly valuations. Although it bills itself as a rocket company, SpaceX, with its side hustle in AI, fits firmly into this category. 

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