Bill Gates recently warned of an AI bubble — likening it to the dot-com era’s hype-driven overvaluations: “There are a ton of these investments that will be dead ends.”

When NVIDIA’s value briefly hit $5 trillion, its CEO, Jensen Huang, rejected the idea that we’re in an ‘AI bubble.’ He believes AI is fueling genuine progress and will lead to major scientific discoveries and worldwide innovation, arguing that demand for the technology is real, not just hype.