AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops

Markets are wobbling: the Nasdaq is heading for its worst weekly loss in over a year and the S&P 500 is on track for a fifth straight drop.
A single SK Hynix comment about slowing its AI-memory business sparked a global selloff, highlighting how semiconductors now dominate the rally.
Analysts warn the AI-led boom may be overheating—huge deals like SpaceX’s massive IPO and bond sales fuel bubble talk and fears of a sharp correction.