Companies are run by people, 100 billion dollar companies are ran by people who want to stay billionaires and will street accordingly. But I'm not sure what we're disagreeing on, yes the talent will migrate, AI industry will eventually settle on some none bubble equilibrium, but that doesn't mean current AI economics is sensible, or inflated hardware costs beyond yield is not danger indicator. Like yeah, risky bets are burning, most people are going to move and carry their technical expertise on instead of unalive themselves or flip burgers, but that's independent of whether business models and broader economy is going to explode.

> that's independent of whether business models and broader economy is going to explode.

It's independent of the former, but not the later. That is my point.

Businesses and business models fail all the time, does not mean the 'broader economy is going to explode'.

It could, sure. But that has been predicted several hundred times and happened only a few times.