Are Disruptive Technologies the Next Dot-com Bubble?

Are disruptive technologies the new and improved version of the 1990s dot-com stocks? The short answer is no, but there are certainly some similarities building

Dave Sekera, CFA 16 June, 2021 | 10:50AM
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ARK Innovation ETF (ARKK), an icon of thematic investing, is probably the highest-profile example of investing in disruptive technology. Even after sliding since its February highs, the stock remains almost double where it traded a year ago and triple from two years ago. Here, you can see how the returns of this single fund compare with the returns of the Morningstar US Technology Index in the era of the dot-com bubble.

us tech returns and ARK

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Dave Sekera, CFA  is a senior securities analyst with Morningstar.