Global markets show a cautious rebound from a tech sell-off, fueled by AI spending and hawkish US interest rates. South Korea's Kospi is volatile, and AI giants seek bond capital. Inflation fears might be overdone, with retreating oil prices and a stabilizing US-Iran deal. This is a technical correction against the "AI bubble" debate. Despite high AI deployment costs and physical constraints, leading AI firms generate massive cash flows. AI is an inescapable technology shift; the 'bubble' remains in its boom stage, far from crashing. Interest rates need significant hardening to truly threaten AI's foundational impact.