Data Driven Stocks - Macro, companies, Politics, Inflation

Data Driven Stocks - Macro, companies, Politics, Inflation

Dot-Com 2.0? The Forward P/E Receipts From 1999 vs The 2026 Semiconductor Mania

Why NVIDIA at 25x looks suspiciously like Intel at 28x - and why Intel today at 104x means something completely different.

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Data Driven Stocks
May 09, 2026
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Forward P/E ratios then vs now. Intel was the NVIDIA of 1999. The May 2026 NVIDIA reading sits one rounding error away from the S&P 500’s all-time forward-earnings peak of July 1999.

On April 24, 2026…

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