This mostly means richer people have too much money if they can do that.

What's next, a new tech allowing you to turn food into money at a rate nobody can afford to eat anymore?

Universal p̶a̶p̶e̶r̶c̶l̶i̶p̶ Money Machine. I'd probably read that short story.

When it eventually does, they'll just come up with something else. Nvidia got a taste of inflated prices from the Crypto and then AI, and they're not going to just let that go. If nothing exists they'll make something and hype it endlessly to try to keep this going.

Better hope it’s not something like potable water. Not even joking.

Then I sure hope Nvidia completely ceases to exist, like SGI, who, ironically, was decimated by Nvidia and cheap consumer hardware.

Unlikely. Unless some new technology comes around that completely invalidates existing GPUs and Nvidia cannot pivot to it quickly enough, there's just no way. They're too big, too rich, too powerful. They basically own the dedicated GPU market, with AMD holding maybe a piddly 10% at best.

Once the bubble pops, there will be a recession, lots of regular people will lose their jobs and won't be able to afford anything even IF prices come down.

They've got you coming and going.

Yup. As much as I am skeptical of AI and do believe this is a bubble, I don't want to see a repeat of ~2000.