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BofA warns of AI boom-bust
Bank of America warns the AI boom looks like a classic boom-and-bust cycle, citing surging spending, rising competition and falling prices.
Key points
- Bank of America warns that the AI boom is starting to look like a classic boom-and-bust cycle, citing surging spending, intensifying competition and falling prices.
- A reply notes that since the Oct 6 close, $NVDA fell 9.6%, $AMD 16.4%, $MU 14.5% and $INTC 17.7%, while $AAPL and $MSFT rose, along with staples and healthcare.
- A reply says the Nasdaq 100 is down 6 percent in 10 days while the 10Y sits near 5.125 percent after import prices ran +1.1% m/m and 8.1% y/y.
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