Federated Hermes CIO says AI boom has years to go before bubble risks

Steve Chiavarone argues selective financing and real infrastructure spending set this cycle apart from past manias Everyone on Wall Street seems to have an opinion on whether artificial intelligence is a bubble. Steve Chiavarone’s opinion is that the question is early. Chiavarone, Chief Investment Officer for Global Equities at Federated Hermes, said on October 21, 2026, that the current AI investment boom still has years to run before bubble risks become a serious concern. His argument rests on where the money is actually going. The spending he points to covers data centers, semiconductors and power generation.

Source: Crypto Briefing