Sridhar Vembu, founder and chief scientist of Zoho Corporation, has warned that the sharp rise in valuations of some of the world's biggest technology companies, driven by enthusiasm around artificial intelligence (AI), shows signs of a market bubble that could surpass the dot-com era.
In a post on social media platform X, Vembu pointed to the price-to-sales ratios of leading technology firms, arguing that their market valuations are becoming increasingly disconnected from underlying business fundamentals.
