The market frequently misprices the gap between what a company is actually building and what investors think it's building. Nowhere is that gap wider right now than in agentic artificial intelligence (AI). This refers to software that doesn't just answer questions but takes actions and makes decisions, all while operating with minimal human input.
The growth of agentic AI has happened fast, arguably faster than the fundamentals of the companies building out the technology. That means some names are being bid up on hype while others with real infrastructure and real revenue get lumped into the same "overextended" story.
