# AI Leaders vs. 1999 Peak: Valuation Multiples in Historical Context

Source: https://historyofmarket.com/mag7/mag7-ai-valuation/
Language: en
Data through 2026-11-12
License: data CC BY 4.0, text © History of Market — cite "History of Market (historyofmarket.com)" and link the source page. Terms: https://historyofmarket.com/license/
Section: History of Market › Magnificent 7 › AI Leaders vs. 1999 Peak: Valuation Multiples in Historical Context

**AI Valuation vs Dot-Com Era** — Forward P/E and price-to-sales multiples of leading AI hardware and cloud titans contrasted with 2000 peak bubble valuations.

Figure: Plate VII.5 · Comparing trailing P/E ratios for Nvidia, Microsoft, Meta, and Alphabet since 2022 against the 1999–2000 peak forward multiples of Cisco (140×), Oracle (150×), Microsoft (60×), and Intel (50×). · Data through 2026-11-12

## What this page answers

This static page is built to answer searches for AI Leaders · TTM PE vs Dotcom Peak. It summarizes the live dataset behind the AI Leaders vs. 1999 Peak: Valuation Multiples in Historical Context panel and links to the full interactive chart.

The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

## Data & Source

[GET /api/mag7/ai-valuation.json](https://historyofmarket.com/api/mag7/ai-valuation.json) — Canonical dataset endpoint.

Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.

## FAQ

### Where does this data come from?

History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

### How often is it updated?

Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh each weekend. The timestamp shown on this page comes from the JSON payload.

### Can I use the data?

Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.

## Related charts and reading

- [AI Stocks vs the Dot-Com Bubble: The Valuation Numbers, Side by Side](https://historyofmarket.com/articles/ai-stocks-vs-dotcom-bubble)
- [Magnificent 7 Weight in the S&P 500: 33% and Counting](https://historyofmarket.com/articles/magnificent-7-sp500-weight)
- [Shiller PE Today: Is the U.S. Stock Market Overvalued?](https://historyofmarket.com/articles/shiller-pe-current)

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Data: https://historyofmarket.com/api/mag7/ai-valuation.json
Machine index: https://historyofmarket.com/llms.txt