alt Hacker News(i'm more chatty because it's my "down-day". Hope you don't mind)
I don't think you're upset because AI is useful and valuable. Are you upset because you can't describe how the bubble will burst?
Some (more) quantitative types saying that the economics are deflationary. So NVIDIA have already won.
But there are some that claim that the bubble has nothing to do with NVIDIA's monopoly on compute (21.C steam engine/steel). That the bubble is in the OX layer. (You?). If Anthropic (or Palantir replacement) fail to do what? Then the bubble will burst.
This is the more interesting but I will have to sleep on it.
I think AI is useful and has value, but what I find problematic is the illogical behavior that people display while claiming to be engaging in thoughtful writing.
Rather than saying NVIDIA will be the ultimate winner, I think Apple could be the final winner as a hedge against semiconductor stocks, at least for now.
In that sense, I'm not sure. You can't time a bubble, so it's just a bubble.
But I do think NVIDIA will remain powerful because of its CUDA ecosystem—though the future is uncertain.