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Dimon Sees Rivals Doing 'Dumb Things' in Credit, AI Scare Trade Returns |The Opening Trade 2/24/2026
Posted
February 24, 2026
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February 24, 2026
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1:35:39Now PlayingJPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously.
Stocks staged a cautious rebound after fears about the disruptive impact of artificial intelligence sparked an indiscriminate selloff across broad swathes of the market. The so-called AI scare trade has become a dominant theme for stocks, with selling spreading beyond software to hit insurance brokers, private credit, cybersecurity and even real estate services.
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