Bill Gurley points out that the AI wave has caused many people to rapidly accumulate wealth, forming a bubble, and he anticipates a reset is coming. He advises investors to focus on undervalued SaaS stocks, as the current software sector is being impacted by AI, with related company stock prices declining significantly. Meanwhile, he expresses concern about the high cash burn rate of leading AI companies.

Cathie Wood pointed out in an interview that the current market differs from the tech bubble period, filled with fear, but this presents investment opportunities. She emphasized that volatility represents uncertainty and believes we are in the midst of a technological revolution, with AI not yet hyped, and enormous future opportunities ahead.

The collapse of Mt. Gox, the deflation of the ICO bubble, the FTX explosion…