I think your options are a bit of a false choice. The .com bubble was a bubble, but many of the ideas from that era also ended up being successful businesses ev

I think your options are a bit of a false choice. The .com bubble was a bubble, but many of the ideas from that era also ended up being successful businesses eventually. Sometimes the market gets out in front of the value - it is accurate in assessing the potential of a technology and wrong about assessing the rate of adoption or who the winners will be. I'm using AI today to generate real business value in a couple of different industries but also feel that it is simultaneously overhyped for today and underhyped for the future. If the question is just "is it a bubble" the answer is obviously yes, it will come back down. But, how far is down and how long will it take for the world to catch up to the market? Maybe not that long.