Michael Novogratz calls AI the biggest bubble of our lifetime, says buy anyway

Galaxy Digital (GLXY) CEO Michael Novogratz said artificial intelligence is in the "biggest bubble of our lifetime," while advising investors to keep exposure to the sector rather than step aside. Coverage across several outlets reports that he made the remarks at a conference, with Bloomberg News attributing the characterization to the Greenwich Economic Forum. Novogratz's position combines a warning about speculative excess with a recommendation to remain invested, a stance that publisher coverage describes as urging investors to "jump in anyway."

The comments place Novogratz among a group of billionaire investors who have recently weighed in on the AI trade. Publisher coverage frames his view as a warning on valuation and speculative momentum, but not a call to exit the sector. The primary article's excerpt does not include detailed valuation metrics, fund positioning, or specific allocation guidance, so the remarks should be read as qualitative market commentary rather than a specific investment recommendation.

For institutional allocators, the key point is the apparent divergence between recognition of bubble-like conditions and continued advocacy for exposure. Novogratz's background as the head of a digital asset-focused firm gives his views relevance to alternative investment professionals tracking how crypto-oriented managers are positioning relative to the AI cycle.