Chief Executive Officer of Asset & Wealth Management and Executive Vice President, Jpmorgan Chase
Search every verified Mary Erdoes interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mary Erdoes, CEO of JPMorgan Asset & Wealth Management, said in November 2025 that artificial intelligence is not a bubble, calling that idea a "crazy concept." Speaking at CNBC's Delivering Alpha conference, she described AI as a "transformative opportunity" and a "major revolution" in how companies operate, comparing its potential impact to a process that will happen "slowly, then all at once." Erdoes stated that the market is still figuring out how to price AI's potential and that companies are only beginning to harness its power, predicting "explosive growth in both revenue and expenses." Regarding the broader economy, Erdoes said she does not foresee a recession in the near term, noting that people have been predicting one for five years without it materializing. She characterized the current environment as a "great buying opportunity" for credit investments. Erdoes also discussed the shift in investment options, noting that investors must consider whether they can sustain periods of illiquidity when accessing private markets. She has emphasized that diversification is key to preserving wealth, stating that while people often build wealth by mastering one thing, they keep and grow it through diversification.
“We're just on the precipice of something massive. The world is still figuring out how to price AI's potential, and companies are only beginning to harness its power.”
“That's a crazy concept — AI is not a bubble.”
“You'll see explosive growth in both revenue and expenses, and suppliers will need to navigate this pipeline carefully.”
“People have been predicting a recession for five years and it hasn't happened; if a recession isn't on the horizon, now's the time to lean in and buy.”
“Skyrocketing valuations of AI-related companies like Nvidia and AMD have caused market volatility, but AI's true impact is still misunderstood.”
“It's a breakthrough — one that demands patience, investment, and a willingness to embrace the unknown.”
“The decreasing rate environment globally is very supportive for markets, and AI will have a significant impact on taming inflation and understanding its true flow through the economy.”
“We haven't had a traditional credit cycle in a very long time, and there's a generation of investors who see corrections as catastrophic, but normal rhythms of the business cycle do exist.”
“The risk I see is not necessarily from companies overleveraging, but from retail investors who have become addicted to high yields and may face liquidity issues if the cycle turns.”
“The global peace environment and the stability it brings can dramatically change the flow of funds, making markets very tame and exciting for new investments.”
“When there's no recession on the horizon, it's a great opportunity to buy, especially when prices become more attractive, and that's exactly what we do at JPMorgan.”
“The structure of the US economy, with deleveraged corporate and consumer balance sheets, creates a resilient environment that supports continued growth and reduces recession risks.”
“The normal rhythms of the credit cycle are often misunderstood, and many investors have become overly fearful after recent crises like the GFC and COVID.”
“Risk management is crucial, especially for retail investors who have become addicted to high yields, as market cycles can turn and liquidity can dry up unexpectedly.”
“The best approach is to focus on the data in your portfolios and ensure proper risk management, especially during times of market stress or uncertainty.”
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JPMorgan's CEO, Mary Callahan Erdoes, says AI is a massive opportunity for investors, not a bubble waiting to burst! In this video ...
... of Mary Callahan Erdoes, CEO of JPMorgan Asset and Wealth Management, as she addresses the CNBC Delivering Alpha ...
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