Wall Street isn’t worried about an AI bubble. Sam Altman is

Sam Altman speaking into a mic in front of the US flag. (Credit: Al Drago—Bloomberg/Getty Images)

• Wall Street is feeling confident about the AI boom, even as OpenAI CEO Sam Altman cautions that some investors could be “burnt” amid soaring valuations. Major tech firms, including Microsoft, Amazon, Alphabet, and Meta, continue to increase capital spending to meet growing AI demand, while analysts like Wedbush’s Dan Ives and Treasury Partners’ Richard Saperstein emphasize the long-term potential.

Wall Street analysts are confident the artificial intelligence boom still has room to run. Even if Sam Altman, the OpenAI chief executive at the center of it all, appears less confident.