Now, what American tech giants truly fear is not the AI bubble bursting, but rather the potential for regulatory crackdowns, increased scrutiny, and the loss of their dominance in the market. They worry that government intervention could stifle innovation, reduce profits, and threaten their long-term growth prospects. As AI technology advances rapidly, these companies are also concerned about losing their competitive edge to emerging startups and international competitors. Ultimately, their greatest fear is losing control over the technology and influence they currently hold.

The biggest concern currently fluctuating in the market is that the AI boom will ultimately be proven to be a bubble: because although capital expenditure is soaring now, the “return money” has yet to appear, leading companies like OpenAI, which rely solely on AI for their revenue, to start exploring open-source alternatives. (See previous article: OpenAI’s “performance” proves that the current model is a dead end. Can the two major initiatives in 2026 save the day?)

However, beneath the surface, there is an even more dangerous risk approaching—the main revenue of large U.S. tech companies is very likely to “break off” during the next recession, which could lead to a double impact on both their core businesses and AI ventures.