AI isn't a bubble but rather an opportunity, JPMorgan's Erdoes says

Core Viewpoint - Investors should focus on the opportunities presented by artificial intelligence rather than concerns about a potential bubble in the market [1][2] Group 1: AI Opportunities - Mary Callahan Erdoes, CEO at JPMorgan Asset and Wealth Management, emphasized that AI is creating opportunities that are not yet fully appreciated or understood [1] - The current market disconnect is due to the mispricing of AI-related companies, which have not yet fully realized their potential through usage [2] Group 2: Market Sentiment - There are concerns regarding the high valuations of companies like Nvidia and AMD, which are contributing to market volatility, yet the markets remain near record highs [2] - Recent stock sell-offs marked the worst day in over a month, indicating that fears about valuations are resurfacing [3]