Recently, a diagram illustrating the intricate web of investment and service-procurement ties among OpenAI, NVIDIA, AMD, and Oracle has ignited fervent debate within the tech sphere, reigniting discussions about the existence of an ‘AI bubble.’ These entities are enmeshed in a layered framework of reciprocal investments and service acquisitions. For example, OpenAI has secured a pledged investment of $100 billion from NVIDIA, utilizing its chips, and has also inked a multi-billion-dollar chip deployment pact with AMD, which could potentially elevate it to the status of a major AMD shareholder. Furthermore, Oracle has clinched a $300 billion deal with OpenAI for data center construction and has made substantial investments in acquiring NVIDIA chips. The cumulative value of these transactions surpasses a trillion dollars, prompting market apprehensions regarding the formation of an AI bubble.