[U.S. Stock Valuations Near Dot-Com Bubble Peak, Shiller P/E Ratio Rises to 42.18] According to CoinDesk, U.S. stock valuations are approaching levels seen during the dot-com bubble era. The Shiller CAPE (Cyclically Adjusted Price-to-Earnings Ratio) has risen to 42.18, just below the 44.19 peak reached during the 1999 bubble. Historical data shows that after the 1999 peak, the S&P 500 index subsequently declined by approximately 50%. Market analysts believe that amid the AI-driven surge in tech stocks, valuation risks in U.S. equities are once again accumulating.