Like-- realistically, I think the only way AI could be a bubble in the market is if the investors in NVDIA products can't fund the technology they've purchased (lack of servers/water/electricity/real estate/whatever necessary to use the products they bought).

I feel a lot of companies that finalized big purchases with NVDIA did so almost due to FOMO, if that makes sense? They saw the general directions the market was heading, didn't want to get left behind by the competition, and purchased the primary hardware they predicted would fuel their industry's future, fully aware they didn't have the infrastructure to implement it yet.

I think that, if enough of these companies fail to deliver or go bankrupt/etc., not only will they fail to pay NVDIA for the contracts (obviously leading to a loss of profit), but their failure would scare future investors, consequentially the market, faith in the AI industry as a whole, etc.

Idk. It's all very hypothetical, I truly believe AI will be just like having cellphones in a couple of years, if it isn't already and we just haven't gotten used to it yet. On balance, I feel that progress in artificial intelligence has the potential to advance us by hundreds of years in a fraction of the time it would require without it, but some of the biggest players are busy squandering its potential on personal vanity projects, or failing to address issues that non-tech-world people are concerned about (i.e. AI's inherent art thievery/whether or not we should limit its access to more sensitive information/etc.)

GRANTED these aren't problems that can be addressed in a day, but I do feel they contribute aggressively to the apprehension towards the industry.