{
  "verdict": "Not yet.",
  "met": 0,
  "total": 4,
  "updated": "2026-10-06T15:15:02.656Z",
  "criteria": [
    {
      "id": "nvda",
      "title": "Nvidia stock crashes",
      "rule": "NVDA trades at least 50% below its all-time high.",
      "why": "Nvidia is the purest public bet on AI. Every past tech bubble ended with its leader losing more than half its value (Cisco fell ~80% after 2000).",
      "op": "gte",
      "threshold": 50,
      "value": 0,
      "display": "0.0% below peak",
      "met": false,
      "detail": "NVDA at $242.11 vs. all-time high of $242.11 (2026-10-06).",
      "source": "Yahoo Finance",
      "sourceUrl": "https://finance.yahoo.com/quote/NVDA/history",
      "fetchedAt": "2026-10-06T15:15:00.241Z",
      "stale": false
    },
    {
      "id": "ndx",
      "title": "AI and tech stocks enter a bear market",
      "rule": "The Nasdaq-100 is at least 30% below its all-time high.",
      "why": "A bubble bursting drags the whole sector, not just one stock. The Nasdaq-100 fell 33% in 2022 and 83% after the dot-com peak.",
      "op": "gte",
      "threshold": 30,
      "value": 0,
      "display": "0.0% below peak",
      "met": false,
      "detail": "Nasdaq-100 at 31,355 vs. all-time high of 31,355 (2026-10-06).",
      "source": "Yahoo Finance",
      "sourceUrl": "https://finance.yahoo.com/quote/%5ENDX/history",
      "fetchedAt": "2026-10-06T15:15:00.241Z",
      "stale": false
    },
    {
      "id": "capex",
      "title": "Big Tech cuts AI spending",
      "rule": "Combined quarterly capex of Microsoft, Alphabet, Amazon and Meta falls year-over-year.",
      "why": "Hyperscaler data-center spending is the money that funds the whole AI supply chain. When it shrinks, the boom has stopped.",
      "op": "lt",
      "threshold": 0,
      "value": 87,
      "display": "+87% YoY",
      "met": false,
      "detail": "2026 Q2: $165.1B combined vs. $88.2B a year earlier.",
      "source": "SEC EDGAR filings",
      "sourceUrl": "https://www.sec.gov/edgar/search/",
      "fetchedAt": "2026-10-06T15:15:00.241Z",
      "stale": false
    },
    {
      "id": "gpu",
      "title": "GPU glut: H100 prices collapse",
      "rule": "Median on-demand H100 rental price falls below $1.00 per GPU-hour.",
      "why": "If GPUs become nearly free to rent, the world built more AI capacity than anyone is willing to pay for — the classic overbuild of a bubble.",
      "op": "lt",
      "threshold": 1,
      "value": 2.47,
      "display": "$2.47 / GPU-hour",
      "met": false,
      "detail": "Median of 9 live H100 offers (range $1.25–$3.03).",
      "source": "Vast.ai GPU marketplace",
      "sourceUrl": "https://vast.ai/pricing",
      "fetchedAt": "2026-10-06T15:15:00.241Z",
      "stale": false
    }
  ]
}