It might be in the sense that the algorithm recognizes that it’s a new bubble to dump money into for a quick return. But that’s just what the stock market is nowadays. Corporations have cornered the rest of the markets through conglomeration or monopolistic exploitation, and have cut cost as much as possible. There’s not really a lot of ways to keep line going up other than throwing it into a new bubble and hoping you can get out before it pops.

Investment companies are just running out of places to keep their investments, which is why basically all tech corporations are massively over valued.