"Is this like 2007 in the buildup to 2008 crash?"

Not at all...it's like the buildup to the .dom crash (2008 had little to do with cutting edge technologies and everything to do with lobbyers trying to make their benefactors richer by changing regulations/laws. It's the same old theme that goes back a very, VERY long time. New technology allows new innovations. The innovations get saturated with companies. A large percent of those companies fail due to many reasons, one of which is because of saturation. Rinse and repeat.

Luckily with AI, investors have the option to be very specific. In other words, I don't have to invest in AI directly to benefit from investing in AI (sounds funny, I know). I can invest in SoundHound to bet on AI use in conversational AI, or I can invest in a Mag 7 company and benefit from whatever gains they make while inherently hedging against a full bubble burst. The .com bubble was kind of an "all in" type of bubble where oversaturation ultimately led to it popping.

) - here is the missing end parens....