One signal

JPMorgan Chase’s Sitara Sundar has urged investors to diversify their artificial-intelligence bets, saying the industry is navigating two cycles at once and calling the resulting volatility “healthy”, Bloomberg reports.

Why it matters

It is a short but useful signal from the investment world: the AI trade is not being treated as one smooth wave, and Sundar’s advice is not to pile every chip on a single part of it. The report excerpt does not specify which two cycles she means, so the distinction remains intriguing rather than actionable.

Discuss: Should AI investors spread their bets across the industry, or concentrate on the few companies they believe will dominate?

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