The AI bubble will pop in the next year. We are currently in 1998 of the dotcom bubble with another AI winter approaching. LLM and generative AI are this year’s “on the Internet” or “Uber for X” business plans.
The market PE is very high and has been high for a while. Tech and AI are fueling a lot of that. Look what happened to Tesla when the fundamentals started getting a little discouraging. However, I'm not comfortable predicting the "AI bubble" popping next year.