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Fortune

Nicholas Gordon

A.I. boom in tech is 'not a bubble yet,' says Jeremy Siegel

Jeremy Siegel Nvidia CNBC David Trainer Jensen Huang Microsoft Wharton

Wharton Professor Jeremy Siegel during a CNBC interview in 2014. (Credit: Scott Mlyn—CNBC/NBCU Photo Bank/NBCUniversal via Getty Images)

Investors shouldn’t be worried that the A.I.-driven boom in tech stocks is overblown, says Wharton professor Jeremy Siegel, days after a rosy forecast from chipmaker Nvidia led to the third-largest single-day jump in market value in U.S. history.

“There was excitement about A.I., and Nvidia ratified that excitement with blowout earnings,” Siegel said on CNBC on Monday.

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