Counterpoint, ChatGPT as a brand has insane mindshare and buy in. It is synonymous with LLMs/“aI” in the mind of many and has broken through like few brands before it. That ain’t nothing.
Counter-Counterpoint, I still feel investors priced in a bit more than that. Yahoo! Had major buy in as well and AGI believers were selling investors not just on the next Unicorn, but rather the next industry, AGI not being merely a Google in the 90s, but rather all of the internet and what that would become over the decades to this day. Anything less than delivering that, is not exactly what a large part of investors bought. But then again, any bubble has to burst someday.