2026-03-19 02:58:15

Let me be clear upfront: I'm not bearish on AI, I genuinely think AI is incredible.

But the current AI hype is giving me the same vibes as the metaverse craze back then.
Except it's a metaverse on a much larger scale——an AI Great Leap Forward.
The market loves extrapolating wildly into the future.
From "Manus is unbeatable" to "Build for Agent," the future narrative goes: no one will need to use products anymore, only AIs will use them, and so on.
People back in 1969 probably couldn't have imagined that humanity would still be tinkering around on this same little patch of Earth today.
After all, it only took a few decades from the invention of the airplane to landing on the moon——so wouldn't we have colonized Mars by now a few decades later?
If there had been a lot of space stocks back then, I think their performance trajectory wouldn't be too different from today's AI stocks.

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