Is holding 1 year’s worth of living expenses a good hedge against a possible AI bubble?

Executive Summary

I keep hearing there is an AI bubble and NVDA’s circular finances from some and others saying there is no bubble. The SP500 valuations are extremely high at the moment. I’m also aware to never time the market. Should I just leave all my investments (VOO 40% and VGT 60%) as is and just hold a years w...