The AI surge has sparked major partnerships in chip supply chains, exemplified by AMD’s new multiyear deal with OpenAI, which propelled AMD stock by 28%. OpenAI’s strategy to diversify chip suppliers beyond Nvidia marks an expansion in AI infrastructure investments. However, financial analysts and tech veterans, including Morgan Stanley’s CIO Lisa Shalett and former Cisco CEO John Chambers, warn of a narrow market rally heavily reliant on AI investments, raising concerns about a bubble reminiscent of the 2000 dot-com crash. Hedge fund billionaire Paul Tudor Jones highlights the potentially more explosive nature of the current AI bull market compared to the late 1990s. Despite productivity boosts and economic impact from data-center investments powering AI, experts caution investors to prepare for a market correction.