I’ve been getting this weird deja vu lately watching all the AI stocks take off. It kinda reminds me of how EV stocks were back in 2021. Tons of hype, massive valuations, and everyone trying to figure out who the real long term winners will be.
Back then, everyone thought every EV startup was gonna be the next Tesla. Now it feels like every company mentioning “AI” in an earnings call gets an automatic pump. A lot of these names have crazy forward P/Es considering how early the monetization still is.
I mean I'm pretty bullish on AI long-term, but it feels like there’s a lot of speculative money chasing short term narratives again. Some of these companies will end up being huge, but a lot probably won’t survive once the hype cools off.
Anyone else seeing the same pattern? Or do you think this time’s different because AI actually touches every industry (not just one like EVs did)?