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Shira Ovide

Tech Bubble Talk Is a Dot-Com Flashback

Stock market performance is more dependent on technology companies than at any time in more than 15 years.
Photographer: Steve Eason/Hulton Archive/Getty Images

When I lived in the Bay Area, every argument that wasn't about avocado toast or real estate prices was about whether there was a bubble in private technology companies. (Answer: Yes, there is or was a bubble, at least in some companies or pockets of tech startups.)

Now that I live in New York, it's fitting that the financial world has been obsessed lately with debating whether there is a different sort of tech bubble, this time among public companies. One stock market strategist recently warned of "tech mania."