Stocks

• The breakneck rally in AI stocks has prompted unflattering comparisons with the dot-com bubble of the late 1990s.
• But Goldman Sachs argues there's no bubble in AI stocks, and suggests they have more room to run.
• "We are still in the relatively early stages of a new technology cycle that is likely to lead to further outperformance," a strategist at the bank said.

A stunning surge in artificial intelligence-related tech stocks has been the top US stock-market story of the year, with the likes of Nvidia delivering triple-digit returns.