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There’s been much hand-wringing about the current rally in stocks, focused on what many see as eye-wateringly lofty valuations, especially for AI names. No matter how you slice it, equities are historically expensive.
But there’s a strong case for this so-called bubble in AI to continue for much longer. Basically, the predicted profit growth in the space unlocked by AI is expected to catch up, eventually rendering those alarming valuation metrics moot.
As for Swift, she’s showing herself to be something of a pop-star unicorn by staying relevant and firmly A-list for an unprecedented stretch of time. She’s been one of the most famous people on earth for 20 years. In the modern age, pop stars don’t stay on top for that long, at least not in every facet of the gig.
Just ask Katy Perry and Lady Gaga, who have seen commercial drop-offs. Beyoncé’s tours still do gangbusters business, but her albums aren’t events like Swift’s, and she doesn’t make them nearly as often. Mariah Carey didn’t make it out of the 90s, and even Madonna didn’t enjoy a similar period of uninterrupted dominance. Like AI, Swift is showing herself to be a one-of-a-kind force upending traditionally held expectations.
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