Wall Street analysts are confident the artificial intelligence boom still has room to run. Even if Sam Altman, the OpenAI chief executive at the center of it all, appears less confident.

Many fears of an AI bubble had hit a fever pitch at the start of this year when Chinese start-up DeepSeek released a competitive reasoning model.

Big technology stocks are pricey, leading Wall Street to a debate whether artificial intelligence stocks are overvalued. Tech earnings have given investors a lot to celebrate over the last couple of weeks.