The CEO of Alibaba stated today that it is unlikely for an artificial intelligence bubble to occur in the next three years and believes that AI resources will generally be in a state of supply not meeting demand.

In fact, similar statements have been made by the CEOs of major companies in the past few years.
When the concept of the metaverse was hot in 2021, Meta CEO Mark Zuckerberg said there wouldn't be a bubble in the next decade, and then Meta's market value evaporated by over 500 billion dollars.
During the blockchain boom in 2017, several tech giant CEOs also said similar things, but as a result, it directly entered a winter in 2018.
When the leading players in an industry frequently publicly declare that there will be no bubble, it often means that they need the market to continue to believe this narrative so that their holdings and business can be sustained for a while longer.
To be honest, true supply and demand might not require a CEO to shout about it.