Bank of America warns of a disappointing old pattern

The $1 trillion AI spending surge is a bigger gamble than the 1870s railroad boom and the 1990s tech bubble, consuming 3% of U.S. GDP. History proves these cycles almost always end in disappointment. We’re already seeing the cracks: token prices have plummeted 50% and business spending is cooling. We are over-investing in a cycle destined to crash just like the ones before it. Is AI truly a growth engine, or are we just funding the next great economic collapse? Do you agree?
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