By Michael Marcus
Publication Date: 2025-11-24 15:55:00
Is AI a boom or a bubble? That’s the question that investors and market watchers are wrestling with right now.
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It’s no secret that AI has been driving the bull markets we’ve seen in recent years. In 2025 alone, the tech-oriented NASDAQ index has gained some 17%, and the index’s 3-year gain stands at 100%.
But the tech sector’s high earnings and rapid gains in recent years have fueled worries that we’re in a bubble, and now we’re seeing increased volatility in the stock markets.
Covering this situation from Raymond James, 5-star analyst Simon Leopold takes the upbeat view that AI is giving markets a boost rather than inflating a bubble.
“We are AI bulls and believe that logic semiconductors will contribute to global secular growth. Recent vendor financing and circular investments among model builders, equipment suppliers, and cloud operators have understandably led to increased skepticism and higher scrutiny around ROI by investors. Comparisons have also been drawn to the dot-com bubble of the late 1990s/early 2000s, but we believe there are several critical differences, especially the business case for AI, and this importantly drives the foundational demand for AI technology and the logic semiconductors that underpin it,” Leopold opined.
It’s a clear conclusion: the AI-powered tech boost is real, and investors can cash in with semiconductor chips. The Raymond James expert goes on to recommend two chip stocks,…
