I’m still baffled as to where these 100x valuations came from. Amazon’s market cap is $2.65T, and I don’t see how any AI company comes within a faint whiff of t

I’m still baffled as to where these 100x valuations came from. Amazon’s market cap is $2.65T, and I don’t see how any AI company comes within a faint whiff of that sort of value.