That's a bit of a one-sided view.

Massive bubble.

Compare 1926 to 1999, and how technology advanced in that time. Radio wasn't widespread in 1926, nuclear fission hadn't been demonstrated, the idea of the semiconductor energy band gap, underlying the entirety of the modern computing industry, wasn't put forth until 1928. And yet, 20 years later we were purifying silicon, and 10 years after that (1954) the first silicon transistor was created and kicked off the semiconductor boom. 50 years later, we were in the Internet bubble.

We've got decades upon decades upon decades to come up with new ideas and implement them, even before the end of the century.

We already lived through multiple AGIs for the last few years.

Can AI handle driving yet?

I think that "everyone" needs some kind of an asterisk. Who's "everyone" in this?

Same with a lot of their investors, who will be just fine without the "insane profits" they hope for.

I'm not worried about their welfare, and won't shed a tear if their companies collapse.

Is the theory here that it would trigger more widespread financial meltdown?

Then I would prefer it to happen ASAP before they get even bigger.