It feels like we're stepping into a whole new age.

It's like intelligence is becoming the latest must-have item, the very foundation and substrate of society.

It's all about AI's time to shine, isn't it?

Just look at those AI and semi stocks soaring through the roof. They're practically screaming, "Hey, we're onto something big here!"

But wait, haven't we seen this kind of techno frenzy before? Remember back in the '90s when the internet was the bee's knees?

The whole world was going nuts over the world wide web, online shopping, and e-commerce.

Ah, those were the days, when every stock with dot com in its name was skyrocketing overnight. It was like a stock market magic show!

But let's be honest. When the clock struck midnight on the year 2000, did anything earth-shattering happen? Not really. The tech was there, but it didn't have the tracks to run on.

And don't forget, the Fed decided to spoil the party by raising interest rates, just like they're doing now.

Capital became more expensive, and by March 2020, $5 trillion of investor funds had gone up in smoke. That was the dot com bubble bursting.

It then took a good decade before all that technological promise finally paid off. Cloud computing, GPUs, smartphones, and social networks came together to create web 2.0, and bam!

The world changed like never before.

So, here's the big question. What if this current explosion in valuations and those 40,000 AI startups is just a warm-up act for the real show?

Maybe AI is still a baby, waiting for its siblings, cousins, and the whole shooting match to pile out of the combi van before it starts partying hard.

It kind of feels like déjà vu all over again, even down to the monetary policy stuff. People are making claims about life-changing disruptions left, right, and centre, just like back in the day.

Maybe AI needs a bit more time to gather its generals before it blows our minds?

And once that happens, brace yourself! It'll be a game-changer of epic proportions. The world as we know it will be turned upside down.

So, if you're an investor, are you already drunk on too much baby's milk, or are you pacing yourself for the real Cambrian explosion a few years from now?

Let’s see where this AI extravaganza takes us, but whichever way it unfolds it's going to be a wild ride, no doubt about it!

Mike