From how stock valuations look like, they had an insane rally from the release of ChatGPT to around mid-2024, from which point it stayed mostly on a consistent trajectory with the rest of the economy.

I think a huge breakthrough for AI was priced in, and we are still waiting to find out if it will come and what it'll be.

Personally, as this article seems investment focused, I see no downside to diversifying away into more varied kind of investments, but then again, I'm not a pro, so take it with a grain of salt..