Market can remain irrational longer than I can remain solvent.

Also, if I lose my money I am not in position to get bailout.

Also, shorting requires managing to not only predict drop in price but also when it will happen.

Also, I do not have large amount of money investable into risky instruments.

Shorting is always riskier because you have to time the trade. But I have moved exclusively to bonds.

What's your long position? You can't pick winners or losers in a bubble. All the leading AI companies are valuing themselves as if they each own the entire TAM without any clear moat. It's obviously not going to work out.