Megacap earnings story presents risk with reliance on startup usage

Group 1 - Tech stocks are rebounding after three consecutive days of losses, but concerns about the AI bubble persist [1] - The source of concern may lie in private AI markets, as startup burn impacts big tech's profitability [1][2] - AI startups are raising significant capital, with Curser valued at nearly $30 billion despite only generating $1 billion in annualized revenue [2] Group 2 - Startups like Curser are heavily investing in AI models, which in turn drives revenue for big tech companies [3] - Soft Bank has divested from Nvidia, a major public beneficiary of the AI boom, to invest in OpenAI, a significant private loss generator [4] - A potential pullback in startup funding could negatively affect the earnings narrative for mega-cap tech companies [4]