AI stocks look 'eerily similar' to the dot-com craze, warns CIO overseeing $15 billion. Invest in this 'boring' corner of the market instead.

A stock trader at work at the New York Stock Exchange on February 24, 2020.

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• AI stocks resemble the dot-com stocks in the 1990s, warns investor Richard Bernstein.
• Since ChatGPT's launch, the S&P 500 and Nasdaq 100 have soared.
• Bernstein suggests dividend stocks, like utilities, for stable, compounding returns.

The intoxicating buzz around artificial intelligence stocks over the last few years looks concerningly like the dot-com bubble...