BlackRock & Bank of America: AI Boom Not a Bubble
Update: 2025-12-03
Description
Two major financial firms, BlackRock and Bank of America, challenge the notion of an AI bubble, citing real corporate investment, earnings, and productivity gains. BlackRocks Jean Boivin argues that the AI boom is unprecedented and could consistently boost US GDP growth. Bank of Americas Savita Subramanian warns of a potential air pocket due to infrastructure bottlenecks but remains bullish on the long-term outlook, predicting the S&P 500 to reach 7,100 by 2026.
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