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"If you check any online discussion about the financial situation of the AI industry, it's essentially taken for granted that the bubble exists and is going to pop any day now."

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If everyone, or even the majority, believed that there is a bubble that's going to pop with near certainty, that would tank stock prices immediately. Why would anyone hold a stock they know is going to go down precipitously? If the majority of people know it's a bubble, the bubble immediately pops. AI stocks still have worth, so most people believe there is no bubble or that prices will go up before going down.

People talk about bubbles. They worry about bubbles. For the most part, though, they go on investing as though there isn't going to be a bubble. Every bubble looked like a solid investment to most people right up until it burst, or it wouldn't have been a bubble.

So, no, most people do not think AI is a bubble. That doesn't necessarily it's not though.

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> If everyone, or even the majority, believed that there is a bubble that's going to pop with near certainty, that would tank stock prices immediately.

That seems to assume:

1. Those people are the invest-class and have control over what gets kept/pulled.

2. Those people don't think it'll pop later and that there's Great Fool Money to be had for just one more day at the tables.