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AI Bubble Chart

A chart-first view of the AI bubble debate: AI bubble chart, AI bubble timeline, AI bubble vs dot-com bubble comparison, and stock-market risk signals in one research dashboard.

Cycle progress chart

Netscape Internet Wave vs ChatGPT AI Wave

Both series are indexed from the launch moment. The AI line shows the first 858 trading days after ChatGPT, compared with the first 858 trading days after Netscape and the later dot-com peak.

Netscape cohort +155% after 858 trading days
ChatGPT cohort +129% after 858 trading days
Dot-com peak +582% about 5.3 years after launch
AI bubble progress compared with the dot-com bubble A blue dot-com line continues to a later peak, while a red AI line currently ends around year three. 0% 100% 200% 300% 400% 600% T=0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6+ ChatGPT wave, 858 trading days +128.9% Netscape wave, 858 trading days +155.1% Dot-com peak near Year 5 +581.7% 1994 Netscape launch path 2022 ChatGPT launch path

Indexed comparison for editorial research. See the methodology section for start dates, proxy index, weekly sampling, return formula, and source links.

Timeline chart

AI Bubble vs Dot-Com Bubble

This is the core chart people can reference when discussing where AI sits in the bubble cycle.

Dot-Com
Internet Bubble Milestone
AI
AI Bubble Milestone
1994

Commercial internet expands

Browsers, ISPs, and web infrastructure move the internet into mainstream business attention.

2022

ChatGPT launch

Generative AI becomes a mainstream adoption shock and resets investor expectations.

1995

Netscape IPO

The IPO becomes a public-market symbol for the internet investment cycle.

2023

GPU demand breakout

Nvidia and the AI accelerator supply chain show real revenue acceleration.

1998

Internet stocks surge

Speculation broadens as investors price rapid internet adoption into public equities.

2024

Hyperscaler capex boom

Cloud providers expand data center, GPU, networking, power, and memory investment.

1999

IPO mania

The cycle reaches broad euphoria as weak business models still attract capital.

2025

AI bubble searches spike

Public concern rises as search interest, media debate, and valuation anxiety intensify.

2000

Nasdaq peaks

The bubble breaks as valuation, profitability, and capital access collide.

2026

AI infrastructure rally broadens

The trade spreads from GPUs into CPUs, HBM, NAND, SSDs, foundry, and data center suppliers.

2002

Post-crash bottom

The market resets, but internet infrastructure and durable winners continue compounding.

Stage 1 Infrastructure buildout
Stage 2 Killer-app narrative
Stage 3 Capital market euphoria
Stage 4 Revenue reality check
Stage 5 Shakeout or consolidation

Methodology

How the Bubble Timeline Is Calculated

The chart compares two technology cycles on an indexed basis. The dot-com cycle starts with the Netscape Navigator 1.0 release in December 1994. The AI cycle starts with the public ChatGPT release on November 30, 2022. Both paths are normalized to 0% at launch and measured by percentage return after launch, so the shape of each cycle is comparable even though the calendar years are different.

1

Cycle Start Dates

Netscape: December 15, 1994. ChatGPT: November 30, 2022. These dates define T=0 for each series.

2

Market Proxy

The baseline proxy is the NASDAQ Composite because it is broad, technology-heavy, and historically available.

3

Weekly Frequency

Daily closes are sampled to weekly observations to reduce noise while preserving the shape of each market cycle.

4

Indexed Return

Return is calculated as current close divided by launch-date close minus one, then multiplied by 100.

5

858 Trading Days

The comparison marker aligns each cycle at the same trading-day age, rather than the same calendar date.

6

Update Policy

The first site version is manually updated monthly. A later version should replace chart anchors with a versioned CSV.

Formula Indexed return = (weekly_close / launch_week_close - 1) * 100

Current chart values are editorial research estimates pending a fully versioned source CSV. The methodology above defines the production data process and should be used for the monthly update log. The chart is educational research, not investment advice.

Stock chart input

AI Stock Bubble Scorecard

The next version of this chart hub should add downloadable PNG and embeddable iframe versions.

Company Ticker Category AI Exposure Bubble Risk Key Signal to Watch
Nvidia NVDA GPU Very High 78/100 Data center growth, gross margin durability, hyperscaler concentration
AMD AMD GPU, CPU High 66/100 AI accelerator adoption, data center CPU share, margin expansion
Intel INTC CPU, GPU Medium 48/100 Foundry execution, AI accelerator traction, server CPU competitiveness
Micron Technology MU Memory, Storage High 69/100 HBM pricing, DRAM cycle, AI server memory content
SanDisk SNDK Storage Medium 52/100 NAND pricing, data center SSD demand, storage attach rates
SK Hynix 000660.KS Memory Very High 71/100 HBM supply share, Nvidia qualification, memory cycle discipline
Samsung Electronics 005930.KS Memory, Storage High 58/100 HBM competitiveness, foundry utilization, memory margin recovery

Search questions

AI Bubble Chart FAQ

Short answers for the terms investors search when they compare AI bubble risk, AI stock bubble signals, and dot-com bubble parallels.

What is the AI bubble chart?

The AI bubble chart is a weekly indexed comparison of the AI market cycle after ChatGPT with the dot-com bubble cycle after Netscape.

How should I read the AI bubble chart?

Read the AI bubble chart as a cycle comparison, not a crash forecast. It shows relative progress, market acceleration, and where AI sits versus the dot-com bubble timeline.

Can I cite the AI bubble chart?

Yes. The chart is designed as a shareable AI bubble graph with a citation block, methodology, source links, and a monthly update policy.

Citation

Reference This Chart

AI Bubble Tracker, “AI Bubble Chart,” updated monthly. https://aibubbletracker.com/ai-bubble-chart/