Don’t fear the AI bubble, it’s about to unlock an $8 trillion opportunity - Goldman Sachs

FORTUNE

Stop worrying about the bubble in AI—its growth is sustainable, three Wall Street analysts from Goldman Sachs, JPMorgan, and Wedbush argued this morning in notes seen by Fortune.

Traders seem to agree, at least for now. Futures contracts for the tech-heavy Nasdaq 100 were up 0.55% this morning prior to the opening bell, after the index closed up 0.68% yesterday. The index is up 18% this year, despite worries that the AI boom bears a resemblance to the dotcom bubble of 2000.

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