Started to reverse before ai though. With the law in US (which was reverted) that you couldn't use all software research as expense so you needed to pay tax on no-profit.

Then with increased interest rates. Which are still active and weirdly should've caused more hardship than ~3 months lower stocks.

And now ai, but this depends on demand for software too, which I don't how big it is, like can demand scale too with ai?

Like when you lower electricity cost people just use more electricity.