We are well on our way to the popping of inflated expectations.

Currently people are taking AI hype too seriously and extrapolating its success out in such a way as to discount the value of other businesses.

Example - last week a bunch of trucking stocks crashed 10-20% because a $6M company that pivoted from Karaoke to AI demoed something.

This is just insane. Sure, if say Waymo is pivoting into commercial trucking.. maybe. But people are basically shorting minutemaid lemonade because their neighbors kids opened up a lemonade stand. Demos are easy, products are hard.