Since the advent of OpenAI’s ChatGPT in late 2022, the list of possible indicators that the AI boom was about to go bust is long and keeps getting longer, leaving Wall Street asking each time if the end is finally near. For instance, whenever AI chip giant Nvidia saw its market cap cross the $2 trillion, $3 trillion, $4 trillion or $5 trillion milestones, bears sounded the alarm. The borrowing binge by AI hyperscalers and their astronomical capital spending plans raised more red flags. The DeepSeek shock in early 2025 triggered another freakout as the Chinese AI model stirred doubts…