That's a surprisingly calm take from Trump
I believe the bubble will hold for a while, since it takes more than a few pricks to deflate one. It might even last until end of next quarter, since GPUs are preordered.
And until then, you can bet Sam the super scammer and Elon will be spinning new AI narratives for investors to buy into. Financialized markets are hype not reality.
Sam has lost all credibility but Elon, as COO of USA, may have what it takes to bring NVIDIA (and by extension, half the pension funds in America), back from the brink.
I'm thinking big datacenters will actually still be important to AI, otherwise there would be no reason for Bytedance to be having Oracle build several mega-datacenters in Malaysia for them.