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Dimon, Fink Reject AI Bubble, Back $1 T Chip Investment

5/6/2026

Summary

Story summary

CEO Jamie Dimon and BlackRock chairman Larry Fink said there is no AI bubble, justifying a $1 trillion investment to fund chips, wiring and hardware.
Larry Fink warned that supply shortages, demand and limited computing power could create a K-shaped economy and proposed a futures market for capacity.
Larry Fink said BlackRock’s $14 trillion assets include stakes in hyperscalers such as Google and Amazon, expecting strong returns for pension funds and insurers.

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Story summary

CEO Jamie Dimon and BlackRock chairman Larry Fink said there is no AI bubble, justifying a $1 trillion investment to fund chips, wiring and hardware.
Larry Fink warned that supply shortages, demand and limited computing power could create a K-shaped economy and proposed a futures market for capacity.
Larry Fink said BlackRock’s $14 trillion assets include stakes in hyperscalers such as Google and Amazon, expecting strong returns for pension funds and insurers.