Exponential Progress. Linear Vibes. Negative ROI.

This is where we are. Is it a bubble? Depends on your ROI expectations

If you're Zuck and you're getting better CTR that you can use to bid up advertising auctions then you're good for $75B

The rest? Need solid business cases.

Jensen, Satya, Sundar seem fine. Sam will be fine if consumer grows and they get ads etc. Dario has a good enterprise and coding business.

Jensen will keep selling to everyone.

If this is because legacy org expectations need to adjust and their CEOs won't achieve "AI-native" status in 2 years then it makes sense...