At the dawn of the 21st century, financial markets were gripped by an unprecedented euphoria surrounding tech stocks. This period, often referred to as the dot-com bubble, saw a meteoric rise in the valuation of companies tied to the burgeoning internet industry. Investors, captivated by the promise of high returns and rapid growth, poured money into tech stocks, fueling an extraordinary surge in their prices. Companies such as Amazon.com Inc. (NASDAQ:AMZN), Yahoo (which was publicly traded then) and eBay Inc. (NASDAQ:EBAY) became market darlings, witnessing their stock prices soar to dizzying heights. During this time, the enthusiasm for technology stocks overshadowed the traditional investor focus on quality, reliable earnings, and high dividends offered by the 30 blue-chip companies in the Dow Jones Industrial Average. Between October 1998 and March 2000, tech stocks in the Nasdaq outperformed the Dow Jones by about 200%. This frenzy was driven by the belief that the internet would revolutionize the world, leading to unparalleled growth opportunities for tech companies. Fast forward 24 years later — with a brief retest of those peak levels in December 2021 — the tech stocks’ relative strength to blue chips has once again surged past the heights reached during the dot-com bubble. Investors are once again captivated by the potential of the tech sector, this ...