Silicon Valley - and the tech industry in general - have always operated on optimism and hype. And while I understand the point that the author of this article

Silicon Valley - and the tech industry in general - have always operated on optimism and hype. And while I understand the point that the author of this article is trying to make, I don't think that there will be any significant value reset (of any kind) in the industry that will be remembered in a few years. Moreover, the industry will likely always have sycophants, as they are the objects that drive this optimism and hype for those aspiring to achieve greatness.