Many collapsed by more than 80% without creating lasting damage to the wider financial system. Years of loose monetary policy and government spending increased available capital, and zero-commission trading made speculative investing more accessible. If the broader AI trade proves to be a bubble, losses could spread beyond technology investors to lenders and the wider economy. The market's ability to absorb past speculative collapses does not guarantee that a larger, debt-funded AI downturn would remain similarly contained. Related articlesWhy US stock bubbles keep bursting without derailing the wider marketSouth Korean retail investors retreat after Kospi's record volatilityHow will adjustment in Japanese stocks impact the USD/JPY?