IMF Says AI Stock Swings Have Not Settled Long-Term Investor Outlook

Julie Kozack, an IMF spokesperson, said Nov. 12 it was too soon to tell whether recent volatility in artificial intelligence shares had changed investors’ long-term outlook.

The fund’s view remains that AI equity valuations could be reassessed if the technology does not prove profitable over the long term. “That overall view that we have taken still remains the case,” Kozack said during a regular briefing in Washington.

The IMF’s October Global Financial Stability Report flagged risks tied to elevated AI valuations and rising debt.

Hyperscalers, the large cloud providers that operate data center networks, accounted for 10% of global investment-grade bond issuance, up from less than 1% in 2024.