re: Why didn't most people see this AI Meltdown coming?

PIMCO selling half their AI debt last week pulled the pin out of the grenade. Texas turning blue obviously didn't help but ultimately matters a lot less than the oversaturation of debt markets and the fact that way more chips have been bought than can be plugged in on any timeframe that satisfies debt buyers (that the debt can be serviced).

AI isn't going anywhere but basic physics now rules the day. We need to double current grid capacity for it to achieve its potential. Yesterday was the signal that the rotation from pie in the sky AI valuations into the electricity grid picks and shovels space has begun.

The new Congress will be educated on the national security implications of losing AI to China. I don't think Tuesday will pose much of a long term roadblock.