The internet bubble burst in 2000, and the Nasdaq dropped 78%. Google and Amazon survived and became giants. If the AI bubble bursts in 2027, how much will the Nasdaq drop? Will the survivors be Google, NVIDIA, Anthropic? This is the underlying logic behind Buffett heavily investing in Google and Justin Sun heavily investing in NVIDIA: It’s not about betting that AI will keep rising forever, It’s about betting that when the bubble bursts, Their cash reserves will be thick enough to survive the winter.