Yes, many companies going out of business altogether, some of them large, is what a bubble pop would look like. As opposed to a uh.... Correction.

The ARR of OpenAI + Anthropic > $85B greater than McDonalds, Netflix, Starbucks, Google Cloud, CocaCola, and 1000 other iconic firms around the world.

If I wanted blind pattern matching comments of dot-com bubble, I can just ask LLMs of 2023 like ChatGPT 3.5