Call it a bubble? Maybe that label doesn't stick when you look closer.

Back in the dotcom days, companies burned cash like it was going out of style—bleeding money on speculation. Today's tech firms? They're running lean, funded by actual revenue streams. That's a different animal entirely.

But here's where it gets interesting: has AI genuinely transformed how we work, or are we just not paying attention yet? Consider what's happening with AI coding assistants—tools like Claude can now handle entire workflows, spinning up demos and prototypes in ways that would've taken days before. That's not hype. That's infrastructure shifting under our feet.

So the real question isn't whether we're in a bubble. It's whether the market has even caught up to what these tools are actually capable of doing right now.