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If you want to use the word bubble, you have to think about the defining characteristic of a bubble: bubbles... pop...
This is the whole reason people use the term.
Nice!
but then he kinda makes the argument why we can still call it a bubble
It's not the tech that is doomed. It's that hard earned money you poured in NVidia stonks because you believe it will 100x when Zuck builds a Texas-sized datacenter after he finishes a Manhattan-sized one.
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