PERSPECTIVES Viewpoint Equity

Artificial Intelligence – Bubble or Boom?

In this PERSPECTIVES Viewpoint Equity: 'Artificial Intelligence – Bubble or Boom?' we examine the drivers behind the AI rally, compare today’s market dynamics with past technology bubbles, and highlight the critical differences that set this cycle apart.

Key takeaways:

AI-related stocks have surged, raising bubble concerns on account of rapid investment, market concentration, and signs of speculative behaviour.
Unlike past bubbles, current AI valuations are supported by strong earnings, robust cash flows, and healthier balance sheets.
Risks remain – overinvestment, monetisation challenges, and concentrated exposure could threaten sustainability if fundamentals weaken.

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