Comment by SpicyLemonZest

The answer seems very straightforward? The bubble did pop, as you can clearly see in a number of stocks like Comcast. But OpenAI also released a genuinely impressive innovation in ChatGPT, which reinflated it for AI and AI-adjacent companies. Whenever the next recession comes, investors will start to ask more serious questions about whether another ChatGPT-level innovation is on the way, and even from my relatively AI-sympathetic stance the answer seems to be no.