With Fears Swirling, IBM Says There Is No AI Bubble. Does That Make IBM Stock a Buy Here?

When OpenAI unleashed ChatGPT back in 2022, it didn’t just introduce a new tool. It ignited a global artificial intelligence (AI) frenzy that’s still burning bright today. In fact, according to Nvidia (NVDA) and Deutsche Bank’s latest projections, worldwide AI investment could soar to $4 trillion by 2030, a staggering figure that reflects businesses’ aggressive race to commercialize the technology that exploded in popularity just three years after ChatGPT’s debut.

At this point, everyone from big tech giants to tiny startups is pouring money into AI, hoping to capitalize on its immense potential. But with so much cash flowing in the same direction, many people have started to wonder if things are getting too overheated. In fact, market watchers are comparing the current excitement to the dot-com craze from over two decades ago. And this year, those bubble fears have grown even louder.

Ballooning debt to fund AI infrastructure buildout, a cluster of circular deals among a…