Goldman Sachs says we're not yet in a bubble — but still has a warning for investors

The market is awash with talk of artificial intelligence (AI) – corporates are rushing to outline their strategies, cash is flowing to AI-related stocks, and the race is on to develop sovereign AI supply chains. Investors have flocked to technology firms taking advantage of and enabling AI's development, sending their share prices soaring. U.S. stocks have hit repeated record highs over recent weeks, with the tech-heavy Nasdaq Composite up over 27% over the last 12 months. With all this comes fears of a bubble, often equated to the dot-com boom and bust . Big-name investors and banks appear split on whether a bubble is here, and Goldman Sachs has placed its bet on "no" — for now. Historically, Goldman says bubbles tend to be driven by a specific innovation, investors pile-in, there's a rus