JPMORGAN: AI IS NOW AN 'EVERYWHERE' TRADE

AI has moved beyond being a standalone investment thesis and is now embedded across industries and market strategies. Lebovitz highlighted that investors are improving their ability to distinguish between genuine opportunities and overhyped prospects in the AI space. "AI is everywhere. And so it's how you play it, not whether or not you play it," Lebovitz said on Bloomberg Television's "Surveillance." The shift reflects a maturing market where investors can better assess the potential risks and rewards associated with AI adoption. Rather than seeking broad exposure to AI trends, sophisticated investors are now focusing on selective positioning and understanding specific applications and competitive advantages. This evolution suggests the AI trade is transitioning from a simple growth bet to a more nuanced investment landscape requiring deeper analysis of individual opportunities and implementation strategies.