# Nvidia AI Deal & DotCom Bubble Similarities Revealed! #trading
**Date:** 2026-05-08  
**Source:** [YouTube](https://www.youtube.com/watch?v=mUGMkJopoLA)

## Main Thesis
The current AI boom, exemplified by Nvidia's strategic partnerships, exhibits striking similarities to the dot-com bubble of the late 1990s, particularly in the performance of top-performing tech stocks, suggesting a potential market bubble.

## Charts & Technical Analysis

### 1. NVIDIA and IREN Strategic Partnership (N/A (news article))

**Bias:** NEUTRAL (DESCRIPTIVE OF THE DEAL, BUT IMPLIES A BUBBLE-LIKE DYNAMIC)
**Pattern:** feedback loop/flywheel

A news announcement from Nvidia and IREN details a strategic partnership to accelerate the deployment of up to 5 gigawatts of AI infrastructure. Atkinson highlights a 'feedback loop' or 'flywheel' where Nvidia provides capital to IREN, IREN expands infrastructure, and then IREN buys more Nvidia chips. He describes this as 'pretty funny' and a 'big flywheel' of the AI run.

### 2. Top 10 NDX Name Performance 1999 vs. Today (N/A (table comparing periods))

**Bias:** BEARISH (IMPLIED WARNING OF A BUBBLE)
**Historical Comparison:** Dot-com boom (1999 and 3/24/89-3/24/03) vs. Today (5/5/25-5/26)

A chart shared by Michael Burry from BTIG and Bloomberg compares the performance of the top 10 Nasdaq stocks during the dot-com boom (1999 and 1989-2003) to today (May 2025-May 2026). It shows similarities in the percentage gains of top stocks. For example, SNDK (SanDisk) had a 3960% one-year performance in the current period, compared to 1240% in the 1989-2003 period and 581% in 1999. Atkinson notes that each bubble is generally bigger than the last but shares similarities, suggesting we are entering a period where markets look similar to the dot-com bubble.

### 3. Advanced Micro Devices, Inc. (AMD) (daily)

**Bias:** BULLISH (SHORT-TERM, BUT WITH IMPLIED LONG-TERM CAUTION FROM THE OVERALL VIDEO THEME)
**Pattern:** ascending channel/uptrend
**Key Levels:** $160 support, $180 resistance, $200 resistance, $220 resistance

The chart shows AMD in a clear uptrend, with several blue flag markers indicating potential entry or continuation points. Atkinson highlights the stock's strong performance, noting it's 'absolutely unbelievable' when compared to Western Digital. He emphasizes that while this chart isn't a timing tool, it illustrates the current market dynamics resembling the dot-com era.

## Regime / Cycle Analysis
The video draws a strong analog between the current AI-driven market rally and the dot-com bubble of the late 1990s, suggesting a similar period of speculative excess and rapid growth in tech stocks. It implies a 'bubble' regime where each subsequent bubble is larger than the last.

## Key Calls & Predictions
- Warning that current market conditions, particularly in AI-related tech stocks, show strong similarities to the dot-com bubble, implying caution for investors.

## All Instruments Mentioned
NVIDIA, IREN, QCOM, SNDK, MSTR, LRCX, ASML, CTSH, ADI, ADBE, CSGP, AAPL, WDC, STX, MU, INTC, LRCX, AMAT, WBD, MRVL, AMD

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*Generated by FX Evolution Monitor on 2026-05-09 23:00:15*