Markets correct.
AI and its infrastructure, including the grid and nuclear power, have a long way to go before these many companies are fully grown.
But the value of these stocks will continue to go up in the long term.
From time to time, there are corrections.
AI increases productivity, the way computers have, and the internet have. It is a durable, long-term trend, ultimately good.
There will be bad aspects, due to our fallen nature. But good people will bring good things from it, including more jobs.
Exactly right. The markets are in a state of ontological shock right now, as they are in a frenzy of constant evaluation as to what AI means for the economy, jobs, and society. They are bipolar but, for the most part, are behaving quite well (no irrational exuberance and no suicidal despair).