I think you misunderstood my point. My thesis was that these two eras were different in scope (my first sentence). I was pointing out how the .com booms impact was so much larger than the current AI boom, in terms of financial impact. I wasn't trying to say the .com boom was smaller or more well-reasoned. In fact quite the opposite. I don't think we've seen comparable spikes to the .com boom yet, and you seem to agree.
If we're going to see an AI spike and bust, we're just at the beginning of it.
Nvidia is pricing on actual revenue growth (~16%?) and projected growth (~20%). Since 2016 they've been killing it.
AI will turn into a bubble when unrelated companies begin being priced like that, without historical or current revenue growth to back up their projections, simply by virtue of being AI-associated.
