Why even if the AI tech stock bubble bursts, it will be part of the norm.
President of IMEMO RAS, Doctor of Economics Alexander Dinkin ("Scientific Papers of I See", No. 260, 2026): "The pioneering idea of the connection between technological breakthroughs (or patterns) and financial markets comes from the economist Carlotta Ferris, who did this brilliant work while she was at the University of Sussex. She argued that the emergence of financial bubbles is accompanied by a specific technological breakthrough and such a concentration of financial capital ensures an explosive flow of resources.
This was the case with railway stocks, the construction of the Panama Canal, and this is what happened in our time - the crisis related to IT technologies, the bubble of 2000-2001. I recently came across the memoirs of Alan Greenspan, who at the time headed the Federal Reserve System. He writes that he and his closest employees understood the risks and saw this bubble, but they did not have another tool for the accelerated formation of a national information infrastructure. It was decided that from a strategic and structural point of view it is better to let the bubble ripen and burst than to slow down information technology. The losses to the financial markets and investors were less than the potential lost opportunities for the US economy and defense capabilities."