The current trajectory of artificial intelligence valuations feels less like a sustainable technological revolution and more like a classic speculative mania. For some time now, we’ve been seeing an \*\*unnatural overvaluation of AI company stocks\*\*. We are currently perched at the \*\*Peak of Inflated Expectations\*\*, where companies are rewarded with billion-dollar market caps simply for integrating a chatbot or adding an ".ai" suffix to their branding.