The end of ZIRP coincided with some reorganizing of the tax code that wasn't favorable to developers, as well. Both hit after a year or two of windfall profits

The end of ZIRP coincided with some reorganizing of the tax code that wasn't favorable to developers, as well. Both hit after a year or two of windfall profits and massive hiring due to covid. AI is a very convenient way to tell that story as being about an ascendant new technology, rather than a post covid decline for the tech sector.