A lot is riding on artificial intelligence winners proving that, rather than forming a bubble, they have further to climb. “AI is set to transform industries and investment opportunities, but it also brings the risk of overenthusiasm,” said Kristin Lemkau, chief executive officer of JPMorgan Wealth Management. “Fragmentation, where the global order is dividing into competing blocs and supply chains, means that resilience and security are more important than ever,” Lemkau said.