Yeah, I mean there's a chance they're wrong and some chance they'll eventually be right. At this point it's clearly impossible to say for sure what the outcome might be. There were plenty of people in 2005 saying there was a housing bubble in the making and plenty of evidence that they were wrong. Were they right but too early? Were they wrong on fundamentals but happened to have guessed right? We could be seeing something similar here where the nay sayers are right for the wrong reasons, or they're simply haters whose desires may align with the eventual outcomes. Or not.
There were also people who said in 1999 that there was an unsustainable bubble of "internet" businesses. And they were right. The bubble burst, and the internet still went on to change the world
No doubt there's a lot of stuff right now that's completely overvalued, and companies that try to do things that the technology just isn't ready for yet. Those will eventually be culled, either one by one or all at once in a big burst. But for the way AI changes industries and our lifes that will only be a speed bump
This is essentially what I’m saying. More succinctly, you can be right or wrong about a macro trend but your correctness is probably more time-boxed than people expect.
