Comment by kemotep

I feel like this fails to address my point.

In 2008 there was a subprime mortgage crisis that caused the housing market to crash. Nearly all banks who participated in this survived. There was and still is significant demand for houses, financed through mortgages.

The bubble can burst, most if not all the big players still survive 20 years later and yet significant value and capital can still be destroyed in the process.

Same for the dot com. There was demand for the internet, it couldn’t meet the expectations of the day, and yet here we are with like 100x more internet services than before all these years later. Saying the AI bubble will pop is not a prediction that all AI companies will cease to exist immediately. Amazon lost 80% of their stock price in 2000. Is Amazon bigger or smaller than they were in 2000 today?