JPMorgan published a thematic research report arguing that if AI-driven earnings growth persists, U.S. stocks can withstand a 10-year Treasury yield rising to 5.5%-6.0%. The report analyzed the relationship between interest rates and valuations, sector rotation, and constructed three thematic investment baskets.
JPMorgan's European banking research team, led by Kian Abouhossein, published a report analyzing CoreWeave's financing structure, saying bank exposure is mainly concentrated in secured SPV structures with limited direct holdings of unsecured bonds, and that current risks are manageable, while highlighting three key risks.
Dimon said the AI spending boom has not slowed, with hyperscale data center ecosystem investment potentially reaching $1 trillion in 2027, up from about $300 billion in 2025 to about $700 billion in 2026, which could slightly boost inflation but may have a deflationary effect long-term; he cautioned against picking winners too early and cited the internet bubble as an example.
Umar Farooq, global co-head of JPMorgan's global payments unit, said AI may take on some payment decision-making power, but it will never be completely separated from human control, and human intent remains key.
JPMorgan Chase CEO Jamie Dimon voiced support for light federal regulation of the U.S. AI industry, arguing that inconsistent state rules would complicate AI commercialization. He revealed that JPMorgan is working with Anthropic to study frontier model risks and is coordinating with federal officials to build a new mechanism against cybersecurity vulnerabilities.
In an Asia technology strategy report released on September 16, 2026, JPMorgan analysts led by Gokul Hariharan addressed three market concerns about AI infrastructure investment, arguing that compute demand fundamentals remain intact, open-source models act as a catalyst rather than a threat, AI safety regulation is a short-term disturbance, and the capex cycle will continue. They predicted semiconductor equipment would become the most critical supply chain bottleneck around 2027.
JPMorgan has reportedly terminated lending services to Situational Awareness, an AI-themed hedge fund founded by a former OpenAI researcher, after the fund suffered huge losses from AI-related leveraged investments and neared collapse.