Bank of America's Michael Hartnett made a reverse judgment and advised customers to buy frustrated technology company bonds. The market is worried that AI infrastructure construction, which is increasingly dependent on debt financing, is unsustainable, and such bonds are under pressure as a result. The strategist said in a client report that the return on US technology company bonds compared to the investment-grade issuer index has fallen 9% so far this year, to a 30-year low. Hartnett said this trend has made it a “jade” investment opportunity.

Bank of America's Michael Hartnett made a reverse judgment and advised customers to buy frustrated technology company bonds. The market is worried that AI infrastructure construction, which is increasingly dependent on debt financing, is unsustainable, and such bonds are under pressure as a result. The strategist said in a client report that the return on US technology company bonds compared to the investment-grade issuer index has fallen 9% so far this year, to a 30-year low. Hartnett said this trend has made it a “jade” investment opportunity.