Fund managers tip their stocks to buy, even if we are in an artificial intelligence bubble

Australian Financial Review · Jonathan Shapiro, Alex Gluyas, James Thomson · 2026-11-06 03:56 UTC

Lightspeed’s Isaac Kim said there were signs of a bubble developing, but there were plenty of reasons to be optimistic about artificial intelligence.

One of the largest backers of Anthropic says there are growing warning signs that the valuations of artificial intelligence companies are becoming stretched, as one of Wall Street’s worst one-day slumps rippled across Asian markets, sparking heavy selling in Japan, Taiwan and South Korea.

Isaac Kim, a partner at Lightspeed, which manages about $70 billion and has long had a position in the developer behind the popular Claude platform, said that while there could already be a market bubble, his advice was to “be long” on AI given the early stage of the technology.

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