[roryirvine]

A related question might be whether anyone is seriously preparing for whatever opportunities present themselves after the bubble bursts.

For example, after the dot com bust, there was plenty of money to be made in aggregating bankrupt or underutilised telecoms assets - endless duct shares, dark fibre, and networking kit which could turn a profit if bought cheaply enough in a fire sale.

Is anyone preparing to bid pennies on the dollar for bankrupt AI datacentres? I can see how it might potentially make sense to do so in places like the EU or UK where increasing data sovereignty concerns might make locally-based small/mid-scale private inference an attractive proposition if the capital costs are low enough.

[TimByte]

Agreed. Shorting requires timing the market perfectly, but buying assets after a crash just requires having liquidity and patience. Historically, that's often been the safer play

After the dot-com bust, infrastructure assets turned out to be one of the most undervalued asset classes. Maybe in a few years people will look back on GPU clusters the same way they looked at dark fiber back then