Right, so there I was this week, watching over a trillion dollars evaporate from Big Tech stocks like water down a drain, and I had one of those moments where you’re simultaneously vindicated and absolutely terrified. You know the feeling? When you’ve been quietly skeptical about something everyone else was losing their minds over, and then reality catches up?

The AI bubble is showing some serious cracks. Not popping yet—let’s be clear about that—but definitely making some ominous creaking sounds. A trillion dollars wiped off Big Tech valuations is apparently just “a bit of volatility” these days. Which tells you everything you need to know about how detached from reality this whole situation has become.