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[Bank of America's hot comment on AI craze: just starting is equivalent to "the Internet's 1996"!] As investors gradually regain their sense, the rise of US technology stocks stagnates or even shows a correction, there are more and more questions about the AI craze. However, Bank of America said that the AI boom was still in its early stage, and it followed the development track of the Internet in the 1990s. Bank of America analysts pointed out in their latest report that skeptics claim that the revenue potential of generative artificial intelligence (GenAI) is not sufficient to justify the current level of investment in AI infrastructure.
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