AI Spending Boom: Learning from the 1990s Tech Bubble

The AI spending boom, unlike the tech bubble of the 1990s, is expected to continue due to companies generating returns through generative AI, product enhancements, productivity gains, and cost reductions. Nvidia's recent robust earnings report and stock performance reflect the positive outlook for AI. Demand for AI solutions is broad-based across industries, and supply is expected to ramp up. Unlike the speculative investments of the past, AI is actually changing business outlooks and driving real earnings growth.