David Bahnsen Warns AI Euphoria Is Setting Investors Up for a Painful Reckoning

Aug 20, 2026
Written by Adam Shapiro, Ainvest

Artificial intelligence may ultimately transform the economy, but investors betting that every company attached to the boom will emerge a winner are making a dangerous mistake, according to veteran wealth manager David Bahnsen. “There’s going to be huge winners in the end in a lot of places, but really, really difficult times for a lot of people along the way,” Bahnsen said in an interview with AInvest’s Capital & Power. “There’s no precedent where that hasn’t been the case.”