[totallywrong]

It really was a matter of when. What real progress have we seen since people first experienced ChatGPT and the hype started? Investors have been very dumb throwing money on anything AI and they're starting to realize it.

[rapsey]

It is pretty much impossible for the investment cycle to be perfectly aligned with the value creation cycle. The dotcom bubble laid the foundations for the cloud and the modern internet. But keep in mind the valuations right now are nowhere close to the valuations in the dotcom bubble. Compared to back then we are not in a bubble at all or at just the beginnings of one.

[stubish]

Or it was smart money and the drop from people locking in their massive profits?

[blitzar]

The smart money was short already.