In aggregate, though, and on average, they’re usually right. It’s not impossible that the tech industry’s planned quarter-trillion dollars of spending on infrastructure to support AI next year will never pay off. But it is a signal that they have already seen something real.
The market is incredibly irrational and massive bubbles happen all the time.
The number of users when all the search engines are forcibly injecting it in every search (and hemorrhaging money to do it)? Just as dumb.