Jamie Dimon Just Issued a Warning About AI Stocks. History Says the Smartest Investors Are Making This 1 Move.

Dimon says he believes AI will pay off, but no one knows how soon or which AI stocks will win in the long run.

Investing in the long-term future of the entire U.S. stock market tends to be a smart move based on history.

Two funds -- one from Vanguard and the other from Invesco -- could help you own future winners of the AI boom.

Jamie Dimon, CEO of JPMorgan Chase , is one of the most respected voices in American business. When he raises concerns about the stock market, it's worth paying attention.

In a recent interview with Wilfred Frost on the Master Investor Podcast, Dimon said that the stock market feels a little too complacent about risks. He issued a warning about the artificial intelligence (AI) boom, drawing on what happened during the dot-com boom (and bust) of the late 1990s. When asked about risks facing AI stocks , Dimon said:

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

When I look at AI itself, the amount of money being spent is huge. Will it pay off in total? Probably, just like the internet did. Will it pay off the way you expect and the timetable you expect? Definitely not.

Jamie Dimon, JPMorgan Chase CEO. Image source: JPMorgan Chase.