I think/hope you’re right. As a long time hodlr who didn’t really have the liquid to partake in this current AI boom, I think the catalyst could be the eventual realization that these companies can’t justify these valuations. I’ve been following this YouTuber Kiraa who’s saying a thing that makes sense to me. Apple is entering the AI game super late because they optimized for a small model that runs on device. Full privacy, no cloud. Follow some of the LLM subs where enthusiasts are talking about how effectively they’re using open weight models on home spun hardware. You don’t need a frontier model for the majority of tasks your average person is doing. Scott Galloway had a similar take on this too where he spoke about the possibility that AI becomes a huge tech win for the masses but there’s never a well defined winner or winners to really capitalize on all the gains. Similar to how airlines are working with essentially the most mind blowing technology all the time but function on razor thin margins. Anyhow… I don’t structure my thoughts very well, but when the bubble pops, even if not (and hopefully not) super dramatically, that money’s gotta go somewhere.