[pcurve]

What I find fascinating is, everyone is making the same exact points:

1. Yes, there is a bubble, but it's not the same. Companies are profitable.

2. It may burst, but this may go on for another 2+ years. No one knows.

3. Even after the burst, we would have valuable AI infrastructure, just like all the excess internet capacities after the Dotcom.

Base on this, I think the bubble will burst sooner. Sentiment can shift real quick.