At the end of 2025, the conversation around an AI bubble peaked, with many wondering about its potential collapse. The author argues that the real bubble was the chatter itself, suggesting a correction is likely but that Apple may emerge stronger than its peers in the tech sector. Apple’s return in 2025 was 8.6%, significantly lower than the S&P's 18%. The company delayed updates to Siri and invested only $13 billion in capital expenditures, far behind competitors like Meta and Microsoft, which spent hundreds of billions on AI infrastructure. Apple’s supply chain is also under pressure, with major partners like TSMC and Foxconn prioritizing AI needs over Apple's hardware. Despite these challenges, the author believes that Apple's strong ecosystem and consumer loyalty insulate it from a significant AI threat. Consumers continue to buy Apple products for various reasons, not solely for AI features. The author argues that Apple doesn't need to rush AI development; it can rely on its established hardware sales. While there are risks, such as potential supply chain disruptions and a weak economy impacting consumer spending, the author is skeptical about any immediate existential threat from AI. The most significant risk would be a complete shift in mobile computing driven by new AI technologies or devices, but no such disruptive products are on the horizon. Looking ahead, the author predicts that Apple may underperform in the short term as the AI hype persists. However, if the narrative shifts and CEOs start acknowledging the limited impact of AI on earnings, there could be a market correction for companies heavily invested in AI. Apple, on the other hand, remains valued for its strong market position, insulated from the AI-driven fluctuations affecting other firms. If AI technology ultimately fulfills its promises, all major companies, including Apple, could benefit, reinforcing the author's view of Apple's long-term viability despite its current perception of being behind in AI.