Not a ‘bubble’, but maybe an ‘air pocket’: Wall Street says it’s time to reset the AI narrative
Two of Wall Street’s biggest firms say the AI boom is far from a speculative mania. Instead, BlackRock and Bank of America say this cycle is being driven by real corporate investments, profits and productivity gains, not the kind of irrational exuberance that defined the dot-com bubble of the early 2000s. “We don’t think the…