Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’

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There’s clearly no shortage of hype surrounding the latest developments in artificial intelligence.  

Ever since OpenAI’s ChatGPT chatbot rolled out to great fanfare in November, generative A.I. startups have raked in venture capital money like never before and stocks linked to the new technology have soared. But Edward Stanley, head of thematic research in Europe at Morgan Stanley, believes investors should be patient amid the “bubble-like euphoria.”