...yes, Internet Hype (1999-2000), Solar Hype (2007-08), EV Hype (2020-21), AI Hype (2022-24)
...they ALL end, simply because Stocks FRONT-RUN their eventual potential.
...Internet is everywhere now, Solar is growing bigger in reality than it did in 2007-08, EV has more years to go before it is going to replace ICE in a bigger way, AI could be 5 years away from being notably in our lives.
...in every case, the darling stock of each hype ended its run way before the hype becomes a mainstream reality. Now that would be the same for EV/lithium sticks too.
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Legendary investor Stanley Druckenmiller recently made bold claims implying AI is in a short term bubble
Here's what he had to say:
"If we were all sitting here in 1999 talking about the internet... I don't think anybody would have estimated it would be as big as it got in 20 yrs. We didn't have the iPhone, we didn't have Uber, we didn't have FB, etc.
And yet if you bought the NASDAQ in 1999, it went down 80% before that all came to fruition.
That's not gonna happen with AI. But it could rhyme. AI could rhyme with the internet as we go through all this capital spending we need to do.
The payoff, while it's incrementally coming in by the day, the big payoff might be 4 to 5 yrs from now. So AI might be a little overhyped now, but underhyped long term."
