From a company point of view, collapse and rebirth - when large companies fail they often end up spinning off lots of little companies some succeed, some fail and some massively succeed and the cycle repeats.
Someone will get left holding the bag because someone always gets left holding the bag - often lots of someones.
These are AI companies though, we cannot let them collapse. They will receive bailouts from the US taxpayer, they will not break up. If the US loses its tech companies, what economic advantage does it have left? Tech companies are literally the last crown jewel in America's crown; all the rest have fallen out and gotten lost.
I'm not terribly surprised.