Probably but with all the idiots fueled by sunken costs and desperate to prove they were right to invest, it could still last a long time.

not necessarily with hardware though. now they are flush with investments and have holes burning in their pockets. everyone is trying to get in on the first stage of AI datacenters.

they may artificially extend the bubble, but rapid hardware expansion/refreshing will be the first thing to slow down or stop when they see it’s not providing value.