There is an AI bubble. It will burst. When is unknown, but think about this

[Quixote1818]

11. It's not nearly as big of a bubble as the Dot-com bubble was because AI companies are making a crap load of sales

The Dot-com bubble was very real. Most of the companies at that time wern't making much money.

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Differences from the Dot-Com Bubble

Real revenue growth already exists – NVIDIA, Microsoft, and others are making tens of billions directly from AI, unlike 1999 when most internet companies had little or no revenue.

Wider adoption – AI is being used in healthcare, finance, logistics, software, chip design, and consumer apps. The internet in 1999 was still dial-up and mostly just email + websites.

Infrastructure is useful even if hype fades – The fiber optic cables from the dot-com era ended up enabling the modern internet. Similarly, today’s GPU clusters, data centers, and AI models won’t just vanish — they’ll underpin future productivity.

Corporate demand is real – Unlike 1999’s consumer-driven internet craze, AI is being heavily adopted by Fortune 500 companies to cut costs and boost productivity. That gives it a stronger base.

Is AI in a bubble?

Short term: Yes, there are bubble-like pockets — some small AI startups with extreme valuations will likely crash, and GPU demand could overshoot before stabilizing.

Medium term (2–5 years): We could see a “shakeout” like the early 2000s, where only the strongest players (NVIDIA, Microsoft, Google, etc.) keep thriving while many smaller firms collapse.

Long term (10+ years): AI is almost certainly here to stay and may be as transformative as electricity or the internet. The companies that survive could dominate global markets for decades.

Bottom line:
AI today looks part bubble, part real revolution. The market may experience a dot-com-style correction, but unlike 1999, the technology is already delivering real profits and utility. That means the long-term winners are likely to be even bigger than the internet winners (Amazon, Google, etc.), but investors should expect volatility and shakeouts along the way.