JPMorgan’s Pinto Warns of Possible ‘Correction’ in AI Valuations

Valuations in the booming AI industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto, who warned that any decline would reverberate across the stock market.

“There is probably a correction there,” Pinto said at the Bloomberg Africa Business Summit in Johannesburg on Tuesday. “That correction will also create a correction in the rest of the segment, the S&P and in the industry.”

With his comments, Pinto joins the chorus of Wall Street executives who have grown increasingly concerned about the possibility of a bubble forming in AI valuations alongside massive investment in ...