AI Industry is in a Bifurcated Boom Rather Than a Uniform Bubble - Tekedia

The AI boom is real, but it is uneven across the stack.

Core infrastructure and enterprise AI use cases are delivering tangible value and demand.

Capital is concentrating in a few leaders, especially hyperscalers and frontier firms like Nvidia, Microsoft, OpenAI, and Anthropic.

That leaves weaker application startups and overextended valuations exposed to multiple compression and repricing risk.