Duolingo ( NASDAQ: DUOL) shares are down 45% in the last month, coinciding with an implosion of retail investor sentiment. 24/7 Wall St's Social Sentiment Score for DUOL has plunged to the 22-28 range (on a 0-100 scale) as of this morning. Once a darling stock on communities like Reddit and X, DUOL is being tar and feathered after poor earnings. One viral post titled "Duolingo Got Creamed and I Still Think It's Overvalued" dominated the conversation on r/stocks and r/investing.
"When bubbles happen, smart people get overexcited about a kernel of truth," Altman recently told reporters, per The Verge. Altman said this describes the state of play. "Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes," he said.
