Almost as if everyone with a pension should go look what their managers are buying and maybe ask them to drop Tesla... A year ago

Yeah you're right about investments like pensions/401k whatever. I won't be a winner, we will see if I even will be a survivor. I don't think the major Ai companies will completely die because most of them have other revenue sources, Nvidia Microsoft etc will still be there and there stock will still be valuable. Anthropic may turn to ash, openai will probably be incorporated into Microsoft. The small companies selling bespoke Ai solutions may die or thrive depending on if they are actually producing something useful but likely won't have a tremendous effect on the stock market.

Just like the dot com bubble, useful companies with thrive and useless ones living off vc funding with die. I don't think Ai is like 3d tvs where it was everywhere and then no where. I have a feeling it's more like dot Com where there is so much over investment which will correct itself but won't go to 0.

If you've done an economics degree then surely you're familiar with Dutch disease? Usually this only happens in resource extraction, but data centers are a form of resource extraction by extracting value from our data so there are similarities. That's why the rest of the economy is already in recession, but the tech sector continues to boom. It's parasitic.

Which might mean, once the parasitic AI bubble bursts, funds will be reallocated back into the productive economy again.

Or not. Maybe it just blows up the last remaining part of the economy that's still functional and we enter another depression.