Online discussion has been pointing this out a lot lately but finally Goldman is calling out the obvious. Everyone and their grandma is piling into the AI stocks, but with all the caution and foresight of the early days of the dot-com bubble. We have companies with _obscene_ valuations, losing money hand over fist, and investors just shrug it off because "potential". https://finance.yahoo.com/news/goldman-sach... AI definitely has its place in the future, but it's not some kind of magic bullet that is going to fix every company's fundamentals. Bad business will still be bad business. AI isn't some tide that can float all boats, and all these AI companies are going to have to demonstrably prove they can generate a profit at the end of the day. So far, literally none of them do, apart from the ones selling the hardware. It's a dot-com bubble sized gold rush. Just wait for the hype train to slow down. This bubble bursting is going to be epic.