Frank Chimero:

The hype is expected — new tech runs on speculation. You can feel the residue of the last 30 years of booms. There is a sense that people missed their chance to get rich on the internet, on ecommerce, on the app store, on social media, on crypto, on meme stocks, on NVIDIA. The hype bubbles get inflated because individuals don’t want to miss their chance at another windfall, and companies don’t want to get displaced by any nascent technological shifts. The history of tech has calcified into stories of dramatic wins and unforeseen downfalls, and what results is a tech culture of near compulsory participation in prediction rather than creating value or serving needs.

The whole talk is great.