How are you Playing the AI cycle/ Boom/ Bubble?

This is a value investing sub, and we know that some or most AI type stocks don't represent true "value" , except for a few. Most, like Palantir, with it's 400 P/E, are way overvalued in my opinion. Sure, you have your Microsoft's and Broadcom's and Nvidia's which seem fairly valued currently with their P/E ratios, but what about the smaller cap AI companies?

Big Bear AI, Airship AI, and other smaller cap AI companies could likely make you a fortune, but their balance sheets and numbers are not great. They are also liable to be hit by short attacks.

Then we also might have a bunch of IPO's this year possibly from more AI companies, like Anduril, which is probably the biggest and most anticipated.

Are you buying individual shares or the small caps? Throwing your money into a tech ETF like QQQM, VGT, etc? Or just going all in on a few household names like Nvidia or Broadcom?