As the stock market continues to rally, fueled by advancements in artificial intelligence (AI), significant warnings about a potential AI bubble are emerging. Major financial institutions, including the Bank of England and the IMF, caution that current AI stock valuations may mirror the unsustainable heights seen during the dotcom bubble. Analysts express mixed sentiments; while some argue that fears of an impending crash are overstated, others highlight troubling signs such as circular investment deals among tech giants that could exacerbate the situation. Prominent figures like Jeff Bezos and Sam Altman acknowledge the risks associated with the AI boom, labeling it a bubble but also emphasizing the transformative potential of the technology. As earnings reports loom, the market braces for possible impacts should confidence in AI wane.