American Century dismisses AI bubble concerns – Investor Daily

Despite widespread concerns, the asset manager has said it rejects claims of an artificial intelligence (AI) bubble.

Although questions about The AI ​​valuation and concentration risk remainsAmerican Century has argued that investors will continue to pour money into the sector next year.

Keith Lee, the firm’s co-chief investment officer for global growth equities, said in his 2026 outlook that while the concerns were valid, the asset manager broadly disagreed with the conclusions about an AI bubble.

“Bubbles are typically characterized by excess capacity and excessive debt, which are two clear examples,” Lee said, adding that the company currently sees neither problem.

Unlike previous bubbles, he argued that the current spending environment shows little speculative excess and the sector’s growth is more likely to be driven by real innovation and profitability. For his part, he said the companies that are investing significantly in the technology are reporting “significant profits….”