Earlier this year, Wall Street bankers and profiteering technologists attempted to rebrand all existing technology initiatives as “AI”.(This was silly, but it worked.)Now, investors are starting to realize the AI hype-train is screaming towards a wall.AI isn’t Internet 2.0; It’s Blockchain 2.0 !Google searches for AI have fallen off a cliff; the temperature is dropping as reality sets in. The only company actually benefiting from this madness is Nvidia, but its salad days won’t last forever. The stock is so spectacularly overvalued (“priced above perfection”) that it will inevitably crash. When that happens, it will take the entire S&P 500 with it.
