The Zhitong Finance App learned that Bank of America strategists believe that with the market fully betting on the investment logic of AI-related capital expenditure supporting continued growth and optional consumer spending being pressured, it may become more and more difficult for investors to obtain excess income by “increasing stocks benefiting from AI capital expenditure and avoiding white-collar consumption-related stocks” in the future. The bank advises investors to begin selective adjustments because the strong outlook for AI capital expenditure may already be reflected to a large extent in asset prices, and the resilience of American consumers should not be underestimated.

The Zhitong Finance App learned that Bank of America strategists believe that with the market fully betting on the investment logic of AI-related capital expenditure supporting continued growth and optional consumer spending being pressured, it may become more and more difficult for investors to obtain excess income by “increasing stocks benefiting from AI capital expenditure and avoiding white-collar consumption-related stocks” in the future. The bank advises investors to begin selective adjustments because the strong outlook for AI capital expenditure may already be reflected to a large extent in asset prices, and the resilience of American consumers should not be underestimated.