Wall Street Leaders Dismiss Fears That AI Boom Is in a Bubble

Executives from Goldman Sachs, Franklin Templeton and Morgan Stanley said the AI boom has not reached bubble territory. Pimco’s chief said rising sector debt has not yet distorted broader credit markets.

Several prominent finance executives have rejected concerns that the artificial intelligence boom has become a bubble. Goldman Sachs CEO David Solomon, Franklin Templeton CEO Jenny Johnson and Morgan Stanley CEO Ted Pick shared that view in comments to Bloomberg Television at the HKMA Global Financial Leaders’ Summit.

Pimco chief Emmanuel Roman said the wave of debt linked to the sector has not yet distorted broader credit markets.

Sources: Bloomberg Markets.

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