Happy Friday eve to the smartest corner of the internet. Phil Rosen here, writing to you from New York City.
This week I've seen commentators draw comparisons between the current boom in artificial intelligence stocks and that of meme stocks two years ago.
But veteran market-watchers told me that beyond general budding enthusiasm, the two trends couldn't be less alike. The fundamentals driving each surge are just about from different planets.
Here's the takeaway: When it comes to AI names, investors won't have to rely on goodwill from the Reddit crowd this time around.
But we've got meaner beasts to tackle today — starting with a global recession.