These analogies are like fitting a curve to align with the data. Let the new data come in next year, the curve changes to fit that data as well. Any data can be curve-fitted and be seen as following some pattern.
It is not that simple. You need to consider factors outside of the silicon valley, outside of USA, outside of technology business. There is lot of world out there. These analogies and predictions don't come out into the global scene to have a look at the what's going on across the globe.
The bubbles which happened earlier are not insulated phenomena that happened in silicon valley labs. It is a complex interaction between various forces.
For example, social and political norms may turn against all that is AI. Any AI-enabled service or product might be seen as serving plastic food.