Dimon Sees Rivals Doing 'Dumb Things' in Credit, AI Scare Trade Returns |The Opening Trade 2/24/2026 JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. Stocks staged a cautious rebound after fears about the disruptive impact of artificial intelligence sparked an indiscriminate selloff across broad swathes of the market. The so-called AI scare trade has become a dominant theme for stocks, with selling spreading beyond software to hit insurance brokers, private credit, cybersecurity and even real estate services. (Source: Bloomberg) Read more: https://www.bloomberg.com/news/videos/2026-02-24/the-opening-trade-2-24-2026-video #jpmorganchase #jamiedimon #ai #financialcrisis #privatecredit