Yes, that may be, although I doubt it. Even if it is, it means the ai companies are left holding the bag rather than average investors.
Its also a signal to both small and big institutional investors that hype alone is not enough. Nvidia is doing well in a good rush where they sell shovels, but this says that the data centres alone are not necessarily profitable either. Well, if the data centres aren't profitable and the ai companies aren't profitable and the hyperscalers are brining cash as their ai divisions aren't profitable, at what point will anyone turn a profit?