In a recent interview, NVIDIA CEO Jensen Huang emphasized that the present AI surge is fundamentally dissimilar to the dot-com bubble that occurred at the close of the last century. He highlighted that during the internet era, the over - deployment of 'dark fiber' (redundant optical cables that companies laid in advance in the 1990s but remained unused) resulted in a waste of resources. In contrast, nowadays, almost all GPUs are being put to practical use, and the demand for computing is firmly rooted in reality.

Huang holds the view that the resemblances between AI and the dot - com bubble are merely evident at the level of stock valuations and the 'wild gains' enjoyed by retail investors. From a technological standpoint, however, AI has progressed to a stage where it can engage in effective thinking and self - validation through research. The demand for enterprise - level computing is expanding at an exponential rate. Moreover, AI technology has transcended the application forms that are well - known to ordinary consumers, like ChatGPT. The volume of queries generated keeps on increasing, which serves as proof that the demand is not artificially fabricated.