Bank of America Warns: The AI Spending Frenzy Follows The Classic Capital Cycle of Collapse

Bank of America has issued a stark warning that the current surge in artificial intelligence investment is beginning to look like the classic capital cycles that have historically ended in disappointment. In a recently released note, investment strategist Sebastian Raedler highlighted that 12-month forward consensus expectations for hyperscaler capital expenditure have climbed from roughly $330 […]

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