By TOI Tech Desk
Publication Date: 2025-11-23 07:47:00
JPMorgan Chase CEO Jamie Dimon has now hailed Nvidia as an unbelievable company and has also cautioned investors that some artificial intelligence stocks may be trading at an unsustainable levels. Speaking with CNN’s Erin Burnett, Dimon said that the US remains the ‘most prosperous’ economy in the world. He adds that the US economy is supported by diverse and deep capital markets including venture capital, private credit and hedge funds. “There’s no question some people will lose money,” Dimon said, drawing parallels to the dot-com era. “But mankind should benefit,” he added, emphasising that the underlying technology is real and transformative—even if valuations are currently inflated.
AI is real and not a passing trend
Dimon emphasized that AI is a genuine productivity revolution, comparing its current stage to the early days of the Internet. “It’s almost at the beginning,” he said, noting that while not every company will succeed, AI will produce transformative winners just as the internet gave rise to Google, Facebook, and Amazon.Dimon acknowledged that valuations in the AI sector may be inflated, but stressed that the underlying technology will reshape industries and improve lives. “Mankind should benefit,” he said, even if “valuations today may be too high for some of these folks.”
Nvidia’s historic milestone
In October 2025, Nvidia became the first company in history to surpass a $5 trillion market valuation. Its market cap currently…
