As we head into the final stretch of 2025, there are many signals that investors are getting fatigued of incredibly high valuation multiples, particularly the AI trade. Growing concerns are building around enormous amounts of AI spending byWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular co ...