Is the AI Bubble Just Like the Dot-Com Bubble?
gaganghotra_ · x · 2026-07-19
Drawing a parallel to the dot-com era, this post argues that while the underlying AI technology is real, many of the current business models might not survive.
The author points out clear similarities between the two cycles: infrastructure build-out outpacing actual demand, loss-making companies going public during peak hype, CEOs acting aggressively toward critics, and vendors financing buyers to keep the loop going. They specifically highlight today's AI data center expansions, massive IPOs, and Nvidia offering financing to clients, drawing heavy comparisons to telecom industry practices in the 1990s.
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