Separate truth from fiction in the hype surrounding artificial-intelligence stocks, and remain mindful of exposure

Investors who’ve been around the block—and their younger proteges who’ve done their homework—know something about the dot-com sensationalism of the late ‘90s and early 2000s. 

Companies that claimed they were online or simply added “.com” to the end of their names generated intense interest in their initial public offerings or even in their established stock. 

Something similar occurred in recent years with the rise of cryptocurrencies and an overzealous reaction to anything labeled “crypto” or identified with the “blockchain.”

Now, given the public’s fascination with ChatGPT, OpenAI and the AI zeitgeist,...

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