Think there's an AI bubble in the stock market? Think again.

• An AI-driven stock market bubble has not yet formed, according to Fundstrat's Tom Lee.
• Lee compared the performance of Cisco during the dot-com bubble to Nvidia today to make his point.
• There are three reasons that suggest there is not yet a stock market bubble fueled by the AI hype.

Think there's a bubble in the stock market fueled by hype surrounding artificial intelligence?

Think again, says Fundstrat's Tom Lee.

In a video to clients on Monday, Lee outlined three reasons why the stock market has yet to enter a bubble.