South Korea's KOSPI Is Trading Like a Meme Stock, and the S&P 500 or Nasdaq Composite May Be Next

For much of the last four years, the evolution of artificial intelligence (AI) has been the talk of Wall Street. Shares of companies critical to the AI hardware infrastructure build-out have skyrocketed, lifting the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) to all-time highs.

But the AI revolution has also unearthed levels of volatility and risk-taking that haven't been regularly witnessed since the dot-com bubble more than a quarter-century ago. South Korea's KOSPI Composite Index, comprised of more than 880 companies, has been bouncing around like a meme stock over the last two months.

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