[paulpauper]

Unlike past bubbles, there are only a handful of publicly traded AI stocks, which have notably preformed poorly despite considerable AI hype. This bubble is limited to private companies. Also the AI market is capable of accommodating many entrants and each getting a high valuation and filling some sort of niche, instead of the old Google vs Yahoo or Apple App Store vs Google App Store duopolies or winner-take-all markets like with seen with MySpace vs. Facebook. There is Eraser, Claude, Anthropic, etc. Each fills some sort of purpose and has strengths and weaknesses. In past bubbles, the market was more concentrated among a few names or interchangeable. So this means looking it from the lens of past bubbles may not work.