If the AI ​​bubble is waiting to burst, I don’t think UK shares will escape unscathed. Not in the way that companies are international and global stock indices are interconnected. But I don’t see any reason to panic either.

No one could have missed the headlines expressing fears of an impending crash in the artificial intelligence sector. After all, AI stocks account for nearly 80% of all U.S. stock market gains this year.

Unpredictable

The problem with predicting a stock market crash is that experts fear it will happen but have no idea when it will happen. JP Morgan CEO Jamie Dimon recently suggested that the accident risk is 30%. However, he said it could take anywhere from six months to three years.

So what should we do? Ace investor Warren Buffett once suggested that we should only buy stocks that we would be joyful to own if the market was closed for 10 years. And that sounds like a good tip to follow now. Well, always, but maybe especially now.

His Berkshire Hathaway it currently has about $340 billion in cash. So Buffett is clearly being very selective these days. He should also have a great opportunity to buy shares cheaply in the event of a crash.

UK technology stocks

I feel the same way and am closely watching some of the UK stock markets. But it’s not out of panic. No, I’m looking for potential opportunities to take advantage of if prices drop.

Perhaps the most obvious is A Scottish mortgage investment fund (LSE: SMT). This FTSE100 the mutual fund invests in a whole bunch of these highly rated US technology companies. That’s what counts Nvidia, MetaplatformsAND Amazon among his top 10.

However, each represents a relatively tiny percentage of the trust’s total holdings. This therefore means a diversified portfolio of Magnificent 7 stocks mixed with many others that are not directly considered AI. I like it.

Decent pricing?

Scottish Mortgage shares are currently trading at a discount to net asset value of around 10%. This means we can now buy a pound’s worth of tech shares for 90p. And this adds another safety buffer for diversification in case of a downturn.

There is certainly a mighty possibility that Scottish Mortgage will suffer from the AI ​​breakdown. But this is not enough for me to start thinking about selling my shares. And I would like to be able to top it up in the future.

A missed opportunity

I think AI failure may cause this Rolls-Royce holdings shares down too. It’s all about the nuclear reactor business and the hopes of all these data centers that could facilitate with power. I don’t necessarily think Rolls is overvalued right now – maybe closer to fair long-term value. But maybe I’ll get a recent chance to buy after all the chances I’ve already wasted.

My main takeaway from AI bubble concerns? Long-term investors should welcome deflation and try to save some cash for all those economical stocks we might be able to buy.