Discuss: I see panic about a bubble but consider the downwards pressures currently keeping valuations in check.

Everyone is talking about an AI bubble and an imminent correction, but have we considered the factors which are currently applying downward pressure? If any of the following ease in any way we are likely to continue to rally:

- The war in Ukraine
- The war in Gaza
- Tariffs
- China's stance against Nvidia's chips
- Regulations around gen AI training and copyrighted material

Of course there are any number of factors which might cause a downturn but it seems there may be an equal number of resolutions to current world events which may continue to increase valuations.