AI Market Cool-Down: Deflation Scenario Over Crash

The most likely outcome isn't a dramatic collapse but rather a gradual cooldown through mild deflation. Pricing pressure combined with stricter market scrutiny will naturally moderate growth expectations.

Here's the wildcard though—semiconductor availability. Even if demand remains robust, chip shortages could act as a ceiling on expansion. Supply chain constraints in the chip sector are the real limiting factor worth watching closely.

So while inflation fears get the headlines, the actual pressure will come from slower pricing power and production bottlenecks rather than a sudden downturn.