Feb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.

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SpicyLemonZest 3 hours ago | parent [-]

There are, but there are also a number of companies (including not-particularly-AI ones like Netflix and Oracle) that are above their ZIRP peak. I think it's hard to definitively say that this story is inconsistent with one explanation or the other.

	▲	danpalmer 3 hours ago \| parent [-]
		Oracle is definitely an AI stock, as much as that's silly. Between being a cloud provider with GPUs, and investments in OpenAI, it's certainly part of the AI meme in the stock market, and possibly even a reasonable way to get some AI exposure if that's what you want to invest in.