Nvidia(US:NVDA) Feng Huang Wang·2025-11-19 02:39Core Viewpoint - The AI industry is experiencing a mix of optimism and concern regarding a potential bubble, with various industry leaders expressing differing opinions on the sustainability and valuation of AI investments [1][2][5][6]. Group 1: Opinions on AI Bubble - Sam Altman, CEO of OpenAI, believes the industry is in an AI bubble, suggesting that current excitement may be excessive despite AI's transformative potential [2]. - Bill Gates acknowledges the existence of a bubble but compares it to the internet bubble, indicating that while there is hype, AI technology holds significant value [2]. - Mark Cuban does not see similarities with the internet bubble, emphasizing the quality of AI companies and the absence of speculative IPOs [3]. - Mark Zuckerberg suggests that a bubble could form if companies fail to make continuous progress, but ongoing advancements may prevent a collapse [4]. - Jensen Huang, CEO of NVIDIA, asserts that there is no bubble, framing the current transition as a natural evolution in computing [4]. - Sundar Pichai, CEO of Alphabet, recognizes irrational elements in the market but believes that no company, including Google, would be immune to a potential bubble burst [4]. - Jeff Bezos describes the current situation as an "industry bubble," highlighting the challenge of distinguishing between quality and poor investments [5]. - Daniel Pinto from JPMorgan anticipates a market correction, citing overvaluation of AI companies [6]. - Bret Taylor, chairman of OpenAI, aligns with Altman, warning of significant losses for many investors [7]. - Eric Schmidt, former CEO of Google, suggests that what appears to be a bubble may actually represent a new industry structure [8]. - Pat Gelsinger, former CEO of Intel, acknowledges a bubble but believes it won't burst in the near future, as companies are just beginning to realize AI's benefits [8]. - Joe Tsai, co-founder of Alibaba, expresses concern over the speculative construction of data centers, indicating signs of a bubble [9]. - Lisa Su, CEO of AMD, argues that bubble concerns are misguided, advocating for a long-term view on AI's transformative potential [10]. - Ray Dalio compares the current cycle to the late 1990s, warning against conflating technological success with investment success [10]. - Thomas Siebel, CEO of C3.ai, claims that a significant bubble exists, particularly criticizing the overvaluation of OpenAI [10].