It may be time for investors to pivot from artificial intelligence-linked capital expenditures to consumer-driven spending, Bank of America strategists wrote in a Monday (Oct. 5) note, according to a Bloomberg report. The abundance of AI spending and the shrinking of discretionary spending are already baked into investment positions, with “AI disruptees” such as information … Continue reading Bank of America Says Investors Are Overplaying AI and Underestimating Consumers