I hope the general market will not drop by more than 25%-35%, while most AI companies will be wiped out.

I also expect Facebook, Microsoft, Google, to survive, and buy the good pieces that remains after the bubble popped. They each have income from other areas so are well position to survive the AI bubble.

Pure AI plays are the ones who will be annihilated. The best of the pure AI plays will be acquired by the old guard.