**Are AI Stocks In A Bubble?**
*By Kristy Akullian, CFA | Nov. 08, 2025, 1:10 AM ET*
Tech stocks have surged amid growing excitement over artificial intelligence, but valuations remain well below the levels seen during the dot-com bubble era. Unlike the speculative excesses of the late 1990s, today’s AI spending is largely funded by profits, grounded in real demand, and supported by strong balance sheets from established tech leaders.
Strength in a handful of mega-cap tech stocks, combined with widespread enthusiasm about AI, has many investors asking: Is the market in a bubble?
At BlackRock, we believe investors should stay selective but engaged in the AI theme. Our focus is on companies with durable cash flow, pricing power, and genuine user demand—attributes that indicate sustainable growth rather than speculative hype.
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we assist millions in building savings that serve them throughout their lives by making investing easier and more affordable.
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