He also issued a warning for investors, and history has good and bad news about what may be coming next. He went on to remind investors that during the dot-com meltdown, some major companies went bankrupt while others went on to transform the tech landscape forever. During the bear market following the dot-com bubble, for instance, Apple sank by nearly 80%, while Amazon lost nearly 95% of its value. While the dot-com bubble was brutal, that downturn ended up being a blip on the radar for many of the world's most successful companies. If we are in an AI bubble that's on the verge of popping, a similar scenario may play out.