Can Markets Absorb Massive Stock Supply From Coming Mega IPOs Without A Crash: Goldman's Answer

Last week, Bank of America Chief Investment Strategist, Michael Hartnett, tore off the market bandage and admitted that "This Is The Biggest Bubble Since The Railroads", observing that if one adds the upcoming mega IPOs to the AI big boys, then AI market concentration (~48%) easily surpasses bubbles of the roaring ‘20s, Nifty 50 ‘70s, Japan ‘80s, TMT ‘90s. The only bubble that AI has yet to surpass railroads from 1880s, which peaked at 63% of all market cap.