Which investors, specifically, were looking for a significant event to pop the obvious bubble? Investors who were actually invested, or onlookers with FOMO who

Which investors, specifically, were looking for a significant event to pop the obvious bubble? Investors who were actually invested, or onlookers with FOMO who hadn't invested yet? While I think the "AI" companies invested in are overpriced*, I think the market as a whole hasn't even begun to price in the changes in store across non-tech sectors and industries even if LLMs were to advance no further than now, with all additional progress at the prompting and agentic levels. * Even here, Jevons paradox applies. So what's being called "priced for perfection" may actually be priced for business as usual with multiplied demand.