A Bloomberg Opinion column argues that the artificial intelligence investment boom has already peaked and that further downside is likely, citing MIT research indicating that 95 percent of enterprises report zero measurable ROI from generative AI investments. The column notes that leading AI stocks trade at price-to-sales ratios above 30, levels that have historically preceded sharp market corrections. It contrasts this bear case with bullish views from Goldman Sachs and J.P. Morgan, who argue current AI spending is already generating tangible economic returns.
