JPMorgan: M&A Pipeline Strongest Ever, AI Optimism High But Risks Loom for 2026

• JPMorgan's Filippo Gori states the M&A pipeline is at its strongest level on record, signaling robust dealmaking for 2026.
• Favorable financing conditions, regulatory tailwinds, and clearer interest rate outlook are driving increased corporate transactions.
• AI remains a dominant theme, viewed as a productivity driver, but concerns exist regarding valuations, monetization, and societal impact.
• Gori identifies three key risks for 2026: geopolitics, persistent inflation (especially in the US), and the evolving economic impact of AI.
• Despite strong confidence, investors are closely monitoring these macro risks, suggesting a pivotal yet cautious year ahead.

Why It Matters: JPMorgan sees record M&A activity and AI optimism for 2026, but warns of geopolitical, inflation, and AI risks.