I think the bubble has already started to burst
Nvidia is firmly under 200 now, it has lost over 18% of its 'value' from less than a month and a half ago.
OpenAI is now rumored by the New York Times to be delaying its IPO to next year.
Even just a year or two ago, these companies were unstoppable juggernauts crushing over anything and everything in their path, now they are showing severe signs of weakness.
I wonder if five years from now we'll be looking at the Summer of 26 as the time when the bubble burst. Happy Weekend.
Edit: Oh wow, looks like I really triggered the Pro-AI lurkers.
Ok, I've heard this argument before several times, "the AI bubble popping would be bad ackshchually for regular people, why do u want 2 see regular people suffer?" to which I would counter ask, "what is the alternative?"
We should prop up the AI bubble even further with our retirement accounts and EVEN MORE of our tax dollars? Why? That'll just make the bubble pop even more consequential. The longer this goes on, the worse the fallout will be.
And also, from the pov of a regular person who needs to consume electricity, water, copper, aluminum, ram, and everything else that has gone up in price as a consequence of the AI bubble, and whose life has been made worse in a myriad of ways because of the AI sector, I'm getting harmed by AI whether its bubble pops or it doesn't pop.
I, a regular person, am fucked over by the status quo for years, you don't get to use me as a hostage in your implicit or explicit advocacy that the status quo should continue.
Edit 2: I personally, don't expect a Black Monday style overnight crash of the tech sector, it's implied in my title, "started to burst" meaning that the bubble 'bursting' is a long drawn out process.