Is AI Repeating the Internet’s 1998 Drawdown? Dan Niles Thinks So

Crypto Insight Summary: Dan Niles does not think the artificial intelligence (AI) market has peaked, crediting agentic AI for that view. Still, he has spent weeks advising investors to hold more cash and stay cautious. His caution lands days before Microsoft, Alphabet, and Amazon report earnings. Chip stocks have already fallen faster than the market. The PHLX Semiconductor Crypto Insight Analysis: Direction: Bearish AI-related / Neutral Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: AI market caution may spill over to tech stocks, but crypto has limited direct exposure.