Jamie Dimon Says AI Spending Is Boosting the U.S. Economy, But Warns on Market Leverage

TLDR

• JPMorgan CEO Jamie Dimon says AI capital spending could add roughly 1% to U.S. GDP this year and next
• Dimon warned that margin debt has hit an all-time high and hidden leverage could spark market panic
• U.S. private data center construction spending hit an annualized $68.3 billion in June, up 45.8% year over year
• Amazon, Alphabet, Microsoft, and Meta are expected to spend $735 to $760 billion combined on capital expenditures in 2026
• JPMorgan insiders have sold roughly $10 million in shares over the past three months, while 20 of 30 institutional holders trimmed positions

Jamie Dimon, CEO of JPMorgan Chase, made two big calls this week. He said AI infrastructure spending is good for the broader U.S. economy, and at the same time warned that high market leverage could trigger serious instability.

JUST IN: $4.79T JPMorgan warns “something will disrupt the market in a quick way.”

“The market leverage is pretty high,” Jamie Dimon said, warning a sudden disruption could leave investors “rattled.”

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