Here's your Forbes Daily Briefing for Saturday, November 1st. Today on Forbes, an AI boom is

catapulting markets and raising fears a bubble is near. Markets are soaring, valuations are swelling,

and enthusiasm for all things artificial intelligence intelligence, is pumping hundreds of billions

of dollars into the most transformational technology of the modern era. John Markman, a Forbes

contributor who analyzes tech stocks, writes, quote, AI isn't just another theme. It's the culmination

of decades of evolution in computing.

Every layer of the stack, from power generation to semiconductors to enterprise software,

is being rebuilt for an AI-first world.

That's a structural transformation.

So, the question on everyone's mind is, is this growth sustainable or is it another bubble about to burst, potentially wiping out $40 trillion of value from the NASDAQ and washing away upstart AI companies faster than they sprouted? Forbes expert contributors have been on AI bubble Watch for months, tracking reliable signs of

stability while warning about soft spots that echo the dot-com crash a generation ago.

Forbes Senior Markets contributor Peter Cohen says, quote, I see three scenarios. Gen AI keeps booming. There's a soft landing in which

valuations decline somewhat, and the OpenAI bankruptcy scenario, which brings it all down

abruptly should the company be unable to raise more capital to fund its money-losing operations.

Indeed, OpenAI, the most recognizable brand name in artificial intelligence, has become a

symbol and driver of the boom.

Every mega-deal OpenAI strikes, with AMD, Broadcom, Nvidia, Oracle, and even Walmart,

each new deal adds another billion-dollar brick to the AI Foundation or

inflates the potential bubble even more. Anxiety is growing, while investor consensus ranges from

cautiously optimistic to defiantly bullish. Forbes contributor and big tech veteran Sol Rashidi

points to, quote,

OpenAI's ambitions to vertically integrate compute, data, and model training at unprecedented

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