Its resource allocation problem, same happened with .com bubble, lots investors put tons of money into dark fibers. Were they useless? No its very useful.
If you want check a example company from the .com days check cisco, their stock peaked at 75 then crashed hard and only managed hit that again thanks for the AI bubble.
If you want check a example company from the .com days check cisco, their stock peaked at 75 then crashed hard and only managed hit that again thanks for the AI bubble.