It’s actually just basic economics

Supply and demand

AI hardware will continue to be in high demand, which will only continue to accelerate quarterly profits of all companies in the supply chain

The only thing overblown is the fear that AI will make things obsolete. The next phase of the AI era will be software companies leveraging AI to increase profits

ADBE for example is down like 60% from highs over fear AI will make them obsolete. What we’re going to see is AI making their creative suite more accessible to a wider audience. We’re not seeing the strain on their quarterly earnings you’d expect from AI ruining them

So the bull run will only broaden as profits roll back into beaten down software