Sam Altman and company have been promising full on AGI. THAT'S the price shock.

Agents may be good (I haven't seen it yet, maybe it's a skill issue but I'm not spending hundreds of dollars to find out and my company seems reluctant to spend thousands to find out) but they are definitely, definitely not general superintelligence like SamA has been promising

at all

really is sinking in

these might be useful tools, yes, but the market was sold science fiction. We have a useful supercharged autocomplete sold as goddamn positronic brains. The commentariat here perhaps understood that (definitely not everyone) but it's no surprise that there's a correction now that GPT-5 isn't literally smarter than 95% of the population when that's how it was being marketed

It's real good for stock prices though. Reminds me of tesla.