Edward Dowd(@DowdEdward):AI Bubble has officially burst today IMHO. Semiconductors are the pick and shovel suppliers to the AI buildout. The industry is down 32% from the parabolic peak in June. Today it took out the July low with authority. The AI bubble has technically burst. There will be rallies and hope but the process has begun. Financial reflexivity that propelled it up is now in reverse. Credit markets were the canary.

Edward Dowd

@DowdEdward

Founder Phinance Technologies and author of Cause Unknown: The Epidemic of Sudden Death in 2021 & 2022. For event bookings: info@bigideaspeakers.com

Joined July 2013

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Edward Dowd@DowdEdward

2026.11.05 18:53

AI Bubble has officially burst today IMHO. Semiconductors are the pick and shovel suppliers to the AI buildout. The industry is down 32% from the parabolic peak in June. Today it took out the July low with authority. The AI bubble has technically burst. There will be rallies and hope but the process has begun. Financial reflexivity that propelled it up is now in reverse. Credit markets were the canary.