AI is hyped, and AI has intrinsic value.

If three companies from:

Nvidia, Microsoft, Alphabet, Amazon, Apple, Meta, Tesla,

ASML, TSMC, or Intel.

have a single day drop in share price above 10% of market cap.

Basically, if history rhymes with the dot-com bubble.

See e.g. https://money.cnn.com/2000/10/12/investing/q_bigdrop/

Edit: For clarity, this doesn't need to be the same day for each company.