That split is visible in the analyst class. Some of the Street’s biggest names insist this isn’t 1999 — stretched, sure, but anchored to real earnings and cash. Others warn that the feedback loop between suppliers, customers, and financiers is turning capex into revenue on paper, and that a reckoning will be brutal if demand blinks. Here’s where the most influential voices have landed — and what, exactly, they’re saying.And yet, positioning is still audacious. Bank of America’s latest global survey has cash ...