This is John Batcher, conversation with my colleague Elizabeth Peek of the Hill a columnist of Fox News

Ec columnist, much on Fox Business, about the artificial intelligence stocks, the Magnificent

Seven, that have sold off so dramatically in these last days.

And what is to be done with these stories that they're very expensive and they're

very necessary, but they're not making businesses

that much money now to justify these multiples.

Liz comparison contrasts to the dot-com excitement of the turn of the century.

There was a story, and the story was going to make somebody a lot of money,

not necessarily the stocks at the time. You remember Yahoo? Well, what we have here is the similar

situation. Very difficult to see the future. The marketing, however, is magnificent and convinces again.

The prices go up, the prices come down.

Elizabeth Peek on AI excitement and perhaps over owning and dot-com once upon a time now well-owned but

many years later more of this tonight well, and that by the way is the pattern for almost any new big technological innovation, right?

There's lots and lots of hype. There's lots of excitement as people begin to envision what it could really mean, how it could change industries, etc.

And then there's a fallow period where a lot of money goes into it and it isn't necessarily the case a lot of money comes

out. The dot-com boom I agree with you a lot of things actually did come out of that but

but by the way not all there were so many goofy companies that got

funding that got run up the flagpole and then basically fizzled I mean you and I

both can come up with an example I I remember in New York, you could at any time of day or night,

go online and order anything that came into your head.

You could order a box of staples, a chocolate chip cookie, and you know a car and they'd all be delivered within 30 minutes or something.

And then of course that company went out of business because it was complete and they wouldn't charge you for it.

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