New Delhi, April 24 -- The ongoing boom in artificial intelligence (AI)-related stocks does not yet exhibit the typical characteristics of a late-stage speculative bubble, though risks remain, particularly due to market concentration, according to a report by Amundi Investment Institute.

The report noted that while there are similarities between the current AI-driven market rally and the dot-com boom, the present phase lacks the dynamics usually associated with the later stages of a bubble. However, it cautioned that this does not mean the theme is low risk.

It stated, "Even if there are a lot of similarities between the AI and dotcom booms, our analysis suggests that the current AI episode lacks the hallmark 'explosive valuation dynami...