euphoric

While valuations look expensive, the top players are trading “at discounts to earnings growth rates,” Demmert said, “and overall AI market sentiment is mildly bullish and not euphoric.”

Still, Wall Street was less euphoric, ending on a mixed note, with tech firms struggling to match the soaring performances that have characterised this year.

It’s been a brutal stretch for rare-earth stocks after an earlier euphoric phase this year.

A cold plunge can even result in a brief euphoric feeling as your body switches from the parasympathetic to sympathetic nervous system.

Investors in turn are bidding up stocks in makers of everything from small turbines to fuel cells, sometimes to euphoric levels.