Two questions, not one
Will AI become useful across the economy? And are the companies selling that future worth today's price? These are separate questions. A good answer to the first does not settle the second.
Follow the business
I want to understand who pays for the product, whether customers keep using it, and what remains after the costs of chips, power and people. An impressive demonstration is a starting point, not a financial result.
The price still matters
Even a growing business can disappoint shareholders when expectations are too high. Competition, additional share issuance and a slower return on heavy spending can all change the outcome.
My takeaway
AI is worth learning about. So is valuation. Owning an AI stock is not insurance against losing a job: income and investments can both come under pressure. Building useful skills remains part of the picture.