Good post

Then the investments slow, so that cycle slows, and some companies can’t make payments on delivered product, others can’t deliver on paid for merchandise, confidence wavers and a lot of companies go under in rapid succession.

The only thing is you’re doing a direct comparison to the dot com bubble which was

This period of market growth coincided with the widespread adoption of the World Wide Web and the Internet, resulting in a dispensation of available venture capital and the rapid growth of valuations in new dot-com startups.

https://en.wikipedia.org/wiki/Dot-com_bubble

If you look at the big AI companies, Gemini is Google, Microsoft has its hands in many pies Copilot which is Chatgpt, Meta with llama and the big Chinese ones are massive companies as well Alibaba with Qwen, Deepseek is the side project of a hedge fund etc

So I think while some of the smaller ones will run out of money there’s also literally the biggest companies in the world backing it and ai isn’t their only revenue stream

So I doubt there will be quite the same bubble burst as the dot com bubble

At the same time if you’d asked me if an oil shock bigger than the 1970’s would tank markets and we’d all be in recession a year ago, I would have said yes so what do i know