Bank of America warns the AI boom is starting to look like a classic boom-and-bust cycle
michalmalewicz · x · 2026-10-17
Bank of America is warning that the AI boom is starting to resemble a classic boom-and-bust cycle.
- The cited warning signs: surging spending, intensifying competition, and falling prices.
- The alert points to AI's current capex and competitive dynamics potentially replaying historical bubble patterns.
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