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I thought we would have to wait longer but the AI bubble in the market is current bursting before our eyes.
Anyone buying big today thinking this is the floor is probably a fool.
The question is, where is the floor? Companies that missed the bubble are being hammered worse than those in it (Intel) and Nvidia remains the dominant player in a field that will see few new entries for some time, meaning the second wave of AI investment will be big.
I get my bonus in February so I will miss true bottom. I think December will be bottom and then slower, but steady growth after. I'm guessing 85 then back to 110 by this time next year, regardless of who is President.
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