THIS IS HOW AI BUBBLE ENDS. SpaceX, OpenAI, and Anthropic are all racing to IPO at the same time. The market needs to come up with $200 BILLION in fresh capital to absorb them. That money has to come from somewhere. Large funds will start selling their biggest tech positions to free up cash. NVIDIA, Microsoft, Google will be the first to get sold. The problem is, those three names are carrying the entire S&P 500. When they drop, everything drops. This exact setup played out during the COVID-era IPO wave. Rivian, Coinbase, Robinhood all went public at absurd valuations. When the Fed tightened and liquidity disappeared, every single one crashed over 80%. AI and tech are already stretched thin. A $200B capital drain on top of that creates a forced liquidation event. If you've been following me, you already caught the $16k bottom and the $126k top. Missed those calls? The next one is coming. Follow me and turn notifications on.