Are we facing an everything bubble in the markets? Investors are split on this!

Global stocks have been all over the place this week, and a lot of the volatility seems tied to growing worries that AI valuations have run way ahead of fundamentals. Dan Hanbury from Ninety One even described the situation as an everything bubble, saying it’s not just AI but a broader problem of stretched valuations at the same time interest rates are finally normalizing. According to him, that mix is what’s making markets so jumpy investors are trying to figure out whether we’re near a major correction or just going through a reality check. Curious how everyone here sees it: does this feel like a genuine bubble across asset classes, or just another phase of the cycle where hype cools off and the strongest names keep going?