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It may be time for investors to pivot from artificial intelligence-linked capital expenditures to consumer-driven spending, Bank of America strategists wrote in a Monday (Oct. 5) note, according to a Bloomberg report. The abundance of AI spending and the shrinking of discretionary spending are already baked into investment positions, with “AI disruptees” such as information […] The post Bank of America Says Investors Are Overplaying AI and Underestimating Consumers appeared first on PYMNTS.com.
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