Artificial intelligence companies are not currently in a market bubble, although high volatility is expected for these stocks.

“Lots of people out there talking about whether or not we're in a bubble with artificial intelligence. Our team has specifically said that they don't think that we're in an AI bubble right now, something they're concerned about in the future, but they don't see it today.”

AI stocks are currently in a bubble driven by emotion and excessive capital expenditure, and a mass exodus from this sector will significantly damage the broader equity indices.

“Everybody was emotional piling into AI stocks, they've driven the whole stock market higher, but it's going to be the same when it turns around and people get scared, they're all going to do the same thing.”