>but then it took like a decade of little growth before the true benefits showed up

That's the core issue apollo is talking about. Investors have been told, "Buckle up, we're getting rich in 2027." Not "Hey, after 20 years, this will probably be pretty nice, maybe." This is how bubbles pop. Everyone starts to realize they were oversold and they rush to get their money out at the top. LLMs won't go away, but the financial collapse will be devastating.