NFTs are not a good comparison, because NFTs were only ever a gambling instrument, lacking any practical application.

Instead, the dotcom bubble is a better comparison. E-commerce didn’t go away after the bubble burst. Likewise, AI will continue to have applications and be part of the economy - as it also was prior to the LLM-driven boom. It’s just that some of the more bullshitty aspects will disappear, and the remainder will have more sensible market valuations.