What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable–for now

JPMorgan's midyear outlook suggests that the $5.5 trillion investment in AI isn't blowing a bubble despite the massive spending. The financial giant claims that companies like Amazon, Google, and Microsoft are making a profit, keeping debt markets stable and the cycle for growth intact. This insight is crucial because it counters fears of an impending tech bubble, indicating that current AI investments are sustainable and profitable in the near term, which could influence investor confidence and future tech spending.