When earnings season 'straight-A students' meet AI 'influencers', who is the true value play?

I noticed an interesting detail: CNBC's report on the AI rotation used the phrase "stole the spotlight"—as if earnings season were a well-behaved honor student, while AI was an influencer who suddenly barged in and grabbed everyone's attention. But to me, as a PE investor focused on hard tech and new energy, this "spotlight stealing" perfectly exposes the two extremes of the current market valuation logic.