At the Greenwich Economic Forum, Galaxy Digital CEO Michael Novogratz called the current artificial intelligence market the “biggest bubble of our lifetime” and encouraged traders to capitalize on it. He said bubbles do not end quietly, but the current market is not yet “spectacular enough” to signal an imminent collapse. He also noted that some AI-related stocks still appear cheap based on their price-to-earnings ratios.
Novogratz’s comments add to a growing debate among major investors about whether the AI rally is sustainable. Ray Dalio has previously warned of a potential bubble.
Galaxy Digital operates at the intersection of digital assets and the data center infrastructure that supports AI, making Novogratz’s perspective notable to investors in both the crypto and technology sectors.