It’s hard not to see “some frothiness in different sectors,”
“I feel good about our business and our ability to cover clients,” he went on. “But it’s hard to look at how equity valuations and multiples sit today and not think there are some sectors that are likely frothy and overvalued. But we’ll see how those play out over time.”
Worries about a bubble in AI have grown along with the pace of investment. The ...