I used to think that talking smack about crypto got me into trouble. That’s nothing compared to AI. Just try tweeting out something which isn’t fawning-fan-boy level about artificial intelligence. You’ll get slammed for how out-of-step and unimaginative you are. Suffice it to say that the AI lunacy, and yes, it’s lunacy, thrust its way into equity valuations without pity until a few weeks ago. Thank God, this is starting to change……….
![](https://slopeofhope.com/wp-content/uploads/2023/08/slopechart_SMCI-1-640x341.jpg)
……..and that’s flowing to everything AI-related………
![](https://slopeofhope.com/wp-content/uploads/2023/08/slopechart_AI-640x341.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/08/slopechart_NVDA-640x341.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/08/slopechart_PLTR-640x341.jpg)