[kryllic]

If there wasn't an ongoing de facto recession, I would wager that the overvaluation of companies _would_ be at or near dot-com bubble levels. These AI companies have plenty of venture capital, but consumers are probably not as influential as they were back then. I agree we likely won't see a dotcom-like crash, but there will still be fallout that will take months to settle.

[omgJustTest]

IMO what you are describing is distributed choice vs concentrated choice.

It's one of my main arguments against a crash: why would one (1) or a few choose to do that?

[finghin]

Unless I misunderstand your question, isn’t the obvious answer just short-term profit?

No investor has thus far invested something they can’t yet cash out.

[omgJustTest]

If there's no better growth story probably people have already trimmed for short term gains.

In some ways the technology companies, which such large growth, are their own consumers.

Unless they feel pressure from another growth story or a technical monetary effect, and I emphasize story because its about future returns, its unlikely.

Additionally this has grown so quickly that there is amazing talent being applied to these problems, its hard to imagine every good person has been sufficiently compensated that progress will stall.