During the dot-com bubble of the 2000s, investors were throwing money at everyone who could code, even if they didn’t have a solid idea that actually solved a real problem or created value. Money was being thrown everywhere in the hope that something would stick, and to make sure no opportunity was missed at any cost. The reality, however, was that new technology by itself doesn’t create value. Innovations and solutions do. Technology merely enables the development of new innovations and solutions. That’s why I personally feel that this AI boom is similar to the dot-com bubble. It’s an exciting new technology everyone wants to jump into, but very few truly know what’s worth doing with it. In that sense, Apple might actually be smart for not panicking about it.