For people who lived through the dot com bubble, does this AI chip boom feel familiar?

Been thinking about all the AI hype and the insane run in chip stocks lately, especially names like NVIDIA and all the companies tied to the AI buildout. For those of you who were actually investing or paying attention during the late 90s dot com bubble, how similar does this feel? Obviously AI is real and the demand seems legit, but some of these valuations and the way money is pouring into anything even remotely connected to AI feels like peak hype. Back then, was there the same feeling that “this time the technology is actually revolutionary” while prices were still getting way ahead of reality? I’m curious what the biggest similarities and differences are from your perspective. Is this more like the early internet where the long term winners were just impossible to pick at the time, or are we seeing the kind of speculative excess that usually ends with a brutal reset? Also wondering what the warning signs looked like back then that average people missed until it was too late. Would love to hear from anyone who actually watched that whole cycle play out and what lessons from that era apply to what’s happening now with AI, semis, data centers, and all the capital flooding into this space.