Coming at this from a professional services angle — Client interest in NFTs/Blockchain/Metaverse is entirely dead. But AI is still top of the list for most organisations, even if there are some real issues with the current economics of it all. I think there's still another 6-12 months on that train.
But it’s a good question — the cycle is getting faster and faster. We're barely out of the dip on one hype-cycle before the next starts. I think the cycle stops after AI and things will get very tough for many organisations... at least for a little while. Many many more layoffs to come.
(I'm not sure whether Cloud was ever "hype," or if the hype was more "Big Data", but both have graduated into "just a thing everyone does now." Neither topic is going away...)