It’s not the year 2000, and there is not an impending tech bubble, but that doesn’t mean investors shouldn’t be bracing for turbulence, Bank of America Global Research says. Savita Subramanian, BofA head of U.S. equity and quantitative strategy, has been arguing that compared with the dotcom era, today’s AI boom has supported earnings growth and smaller IPOs, and “speculation in unprofitable stocks is less extreme.” However, she warned, aggressive capital expenditures from hyperscalers are increasingly rel ...