The rebuttal

The claim under examination — that figures including former Google CEO Eric Schmidt and major Wall Street investors have publicly pushed back against the "AI bubble" narrative — is based on remarks and positions attributed to Schmidt and to large institutional investors, including Norges Bank Investment Management and Blackstone, whose executives have been prominent in the debate over AI spending.

The article from which the claim originated, published by Hankyung, presented the pushback as a direct counter to skeptics who argue that the surge in AI-related capital expenditure mirrors past boom-and-bust cycles. Schmidt's stance, as cited, is that AI investment is grounded in real technological demand, while asset managers of the scale of Blackstone and Norway's sovereign wealth fund have continued to signal long-term commitment to AI-related assets.

Uncertainty and context

Several details surrounding the claim remain unconfirmed. The precise wording, timing and setting of the statements attributed to Schmidt and the Wall Street figures could not be independently established from the available material, and one image referenced in the original report was not directly retrievable, though its source URL was traced to the official media tag. Readers should treat the exact framing of individual quotes with caution.

What is consistent across the sources is that skepticism about AI valuations is being met with equally prominent rebuttals from investors and former executives who have direct exposure to the sector's capital flows.

Conclusion

Based on the available reporting, the claim that Eric Schmidt and leading Wall Street figures have publicly disputed the AI bubble narrative holds up in substance, though some specifics of timing and wording remain unverified — making the claim Mostly True.