Powell says that, unlike the dot-com boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

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Powell says that, unlike the dot-com boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

fortune.com/2025/10/29/powell-says-ai-is-not-a-bubble-unlike-dot-com-federal-reserve-interest-rates

Federal Reserve Chair Jerome Powell doesn’t think the AI boom is another dot-com bubble. In fact, he made that distinction explicit on Wednesday, arguing that the current wave of artificial-intelligence investment is grounded in profit-making firms and real economic activity rather than…

This story appeared on fortune.com, 2025-10-29 21:04:22.