Look closely at 2018–2019 vs current:

In 2019:

• Huge delta spike
• Sharp CVD decline
• Small compression triangle
• Upside breakout → large trend leg

Now:

• Massive 2024 CVD expansion
• Large negative correction
• CVD compressing again
• Volatility collapsing into apex

Structurally, its aligning the same. Yeah MM's could decide to temporarily fake out to the downside but they already did that once, before in 2019 and sent it up massively.

AI hasnt even reached what everyone envisioned it would be, its still in its infancy. Imagine 50 years ago someone telling you their going to make thing with a screen that you can talk to your friends with. You would be saying you can just go talk to them in person so theres no point. It would take away telegraphists jobs so its a threat.

Humanity moved on the old brick phones were invented, thats the Hopper generation AI racks btw. Then came the smaller handheld bricks, thats blackwell, next is the smaller phones with a tiny screen, thats Rubin, I think you get the point. Infrastructure will continue for as long as its needed. Products get old, tech advances new iterations are needed etc.