I really get the feeling that the economy is being artificially propped up at the moment and the key event I suspect they're being propped up for is the midterm elections. Post election, I feel like the cracks will start to show and we'll start to get a correction which will lead to a crash, similar in size to 2008.
That's just my feeling and it isn't necessarily backed on too much but significant amounts of resources have been poured into "AI" and I really don't feel the payoffs are going to pan out. Once that becomes the mainstream view, everything built around it crumbles.
It can be both, like how the dotcom bubble crash was followed by everything gradually moving online.
There is a rumor going around In the tech community IE Gamers Nexus that following the bubble pop, the data centers will be re purposed for cloud computing as personal computers will become prohibitively expensive.
Dotcom helped spur on the internet stage because even after so many tech companies lost everything, the underlying infrastructure was still there and ripe for exploitation.
Because the sane one focused on books at first, and used that to build out an infrastructure that could have been done prior to the internet, but that no one else(looking at you, Sears) was willing to do.