Skip the AI FOMO, cash in where no one’s looking: Bernstein backs old-school payouts and warns AI may be the next dot-com bubble

Investor Richard Bernstein sees signs that the rush into artificial intelligence shares is starting to look like past bubbles. He warns that soaring tech valuations echo the dot-com boom. Instead, Bernstein backs dividend stocks, especially utilities, as a steadier bet. He says the power of reinvesting dividends can quietly match tech gains over decades. For anyone chasing the next big thing, Bernstein’s advice is simple: look where others are not looking right now.