On September 15, ECB Vice President Bovnjicic highlighted that the artificial intelligence (AI) boom has significantly driven up market valuations, thereby subjecting the stock market to potential correction risks. He noted that the current price-to-earnings ratios have reached unprecedented or rarely-seen levels, with their justification still unverified. He cautioned that the substantial and escalating exposure to AI-related risks should be approached with prudence and subjected to rigorous monitoring, as substantial capital inflows into this sector could prompt a revaluation of the stock market. Bovnjicic's perspective resonates with that of numerous central bank officials, regulators, and investors, who are of the opinion that leading AI companies might be overvalued, and a sudden decline in their valuations could trigger a widespread correction across global markets. On Monday, ECB President Lagarde echoed similar sentiments, stating that asset valuations within the AI sector are exceedingly high and that a market correction is 'entirely plausible'.