I think people overhype "AI" anyway. It is dumb "AI". I asked Chat GPT who the president of the USA was yesterday, turns out it was Joe Biden...I believe Joe left the job 9 days back.
AI is not really AI, it is just hyped up machine learning that has made a bubble of over-investment in that sector. When they were openly discussing building nuclear reactors to power such data AI centres, then you know something has gone wrong.
If the Chinese "AI" works as cheaply as they say, then AMD, Nvidia, and other companies, will have a lot of spare stock soon; forcing them to drop prices whether they want to or not.