Alphabet has decades of financials and is the most profitable company in the world.

The logic isn’t the same. We’ve had plenty of history to judge Alphabet’s financials. It’s less about AI and more about allowing the market to appropriately price the stock after seeing their filings for a period of time.

An IPO can be a very volatile moment for any stock. This isn’t about AI so much as it is about an unproven company h th at is actually losing money right now.

Not the same comparison. Alphabet/Google has a solid 25+ year history. It's not 100% AI or not. It's about a Healthy and proven business model.