But were the internet companies of 2000 the ones who became the most valuable? GOOG, yes. Netscape and Yahoo, not so much. Amazon yes, pets.com, not so much. Sun is no more, Cisco to two decades to return to its dotcom bubble levels. Netflix was shipping physical DVDs. Microsoft could qualify as an internet company now with Azure, but not in 2000.

So AI can become as big as the internet, but that does not mean that the existing "AI" stocks will become big.