After trillions of dollars poured into artificial intelligence this year, global investors are increasingly divided over whether the world is witnessing a genuine industrial revolution — or inflating another speculative bubble.
According to BofA Global Research, 54% of fund managers now believe AI stocks are in a bubble. Yet, 90% of those same investors remain heavily invested in AI-related assets — a sign of both conviction and fear of missing out.
💬 Diverse Voices, Same Question
🏦 Bank of England
Warns that “the risk of a sharp market correction has increased,” highlighting the danger of an AI-triggered sell-off spilling into the global financial system.
🇸🇬 Bryan Yeo, CIO at Singapore’s GIC
“There’s a little bit of a hype bubble going on in early-stage venture… any startup with an AI label gets huge multiples.”
📦 Jeff Bezos, Amazon Founder
“When people get very excited… every experiment gets funded. Bubbles can be healthy for innovation — society benefits when the dust settles.”
📊 Joseph Briggs, Goldman Sachs
AI infrastructure investment remains “sustainable,” but “the ultimate winners remain less clear.”
⚙️ Morten Wierod, ABB CEO
“I don’t think there’s a bubble — we just don’t have the construction capacity or manpower to meet all the new investment demand.”
🌍 Pierre-Olivier Gourinchas, IMF Chief Economist
An AI bust could happen “like the dot-com era,” but since it’s not debt-driven, “it’s unlikely to become a systemic crisis.”
🧠 Sam Altman, OpenAI CEO
“Yes — some will lose a phenomenal amount of money, but many will make a phenomenal amount too.”
📈 UBS
“Most investors believe we’re in a bubble — but not yet at its peak.”
Bottom line:
The AI gold rush is real. Whether it ends in revolution or correction will depend on which side of history investors are standing when the hype fades.