That’s the beauty of it this time. Money losing companies are staying private and the only public companies that are involved in the Ponzi scheme seem to be Or

That’s the beauty of it this time. Money losing companies are staying private and the only public companies that are involved in the Ponzi scheme seem to be Oracle and to a lesser extent Nvidia. But at least Nvidia is not borrowing money for its investments. Of course Tesla. But it’s always been a meme stock. I don’t see the AI bubble busting and it affecting the S&P 500 that much. Even before AI, the other public tech companies have real business and AI will be a “sustaining innovation” (see Clay Christenson). For me personally, Gen AI is just another tool in my tool belt when I implement projects - ie another AWS SDK service call (boto3/Bedrock). Yes if you have a pension, on the other hand, all bets are off since ther do invest in private equity unlike most defined contribution plans.