AI Stocks Are a Bet on the Future. Markets Are Ignoring the Now.

Core Insights - The article discusses how most AI companies have been trading based on speculative hopes for future advancements rather than current financial performance [1] Group 1 - AI companies have seen significant market enthusiasm during the current bull market, driven by expectations of long-term potential [1] - The trading behavior reflects a disconnect between current valuations and actual earnings, indicating a reliance on future growth narratives [1] - Investors are increasingly focused on the transformative potential of AI technologies, which has led to inflated stock prices [1]