[1oooqooq]

dot com bubble was a way to make retirement funds pay for global telecom infrastructure. after the companies are gone, infrastructure is still there. google is buying dark fiber to this day...

the last gpu-fuelled bubbles (gaming, web3, ai) are an attempt to starve enemies of chips without kinect involvement. you will have datacenters filled with garbage tech when it's over.

so, no, there won't be a pets.com in this space because as soon as it bursts, it crushes their business defensibility (access to chips and power) will be gone as the price plummet. there's no consumer products.

i guess the analogy to dotcom, is if people were buying pets.com stock just because it had more Herman Miller chairs!