Insights Market And Economic Outlook

AI: What today’s valuations mean for tomorrow’s growth

Curious about what AI means for your portfolio? Gain insights into the sector’s evolution and market potential.

Ryan Diamant Feb. 24, 2026 3-minute play time

Transcriptfor the video Early innings for AI | What today’s valuations mean for tomorrow’s growth | CIBC Private Wealth. Opens a new window.

Artificial intelligence has moved from a new technology to a meaningful driver of market performance. While the initial surge began in late 2022, history suggests that transformative technology cycles unfold over many years — often reshaping industries and creating new market and investment opportunities.

In this short video, Ryan Diamant, Client Portfolio Manager, Equities at CIBC Asset Management, explores where we may be in the AI cycle, how today’s valuations compare to prior innovation periods, and the structural pillars supporting long-term growth.

Key takeaways

Long-term technology cycles: Transformative technology cycles often reshape industries and earnings over extended periods.
Rapid AI adoption: AI is being adopted faster than previous innovation waves, though broad sector integration remains in early stages.
Integration and productivity: The most meaningful and sustained earnings growth from AI is expected to come from the integration into applications like EVs, robotics, enterprise data and consumer applications.
Foundational investments: We continue to see opportunities in areas like AI semiconductors and infrastructure, which are essential to AI development.
Valuations: AI-related stocks are trading at attractive valuations relative to their growth rates, with an increased focus on companies with clear pathways to monetizing AI.

For further insights on how artificial intelligence may influence market leadership and earnings, play the video.

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Presented by

Ryan Diamant

Client Portfolio Manager, Equities, CIBC Asset Management

AI: What today’s valuations mean for tomorrow’s growth

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