Wall Street analysts remain confident about the artificial intelligence boom, despite OpenAI CEO Sam Altman’s caution that some investors may get “burnt” as valuations soar. Major tech firms, including Microsoft and Alphabet, are increasing capital spending to meet growing AI demand.
Altman drew a parallel between today’s AI frenzy and the 1990s dotcom bubble, warning that some investors are overexcited about AI. However, Wedbush’s Dan Ives disagrees, saying the “AI revolution will fuel a tech bull market for the next two to three years.”
Analysts like Treasury Partners’ Richard Saperstein emphasize the long-term potential of AI, citing structural tailwinds such as deregulation and onshoring that support corporate performance and broader economic growth. Despite concerns about investment pace, industry figures continue to invest heavily in AI.
While some experts warn that the current cycle bears similarities to the dotcom bust, others argue that the AI boom may surpass the internet bubble of the 1990s. As major tech companies report strong earnings and show no signs of pulling back on AI spending, Wall Street analysts remain bullish on the trend’s long-term prospects.
Source: https://fortune.com/2025/08/19/wall-street-ai-bubble-sam-altman