Bank of America: AI investment focus is shifting from cloud service providers to chip companies

According to Odaily, Bank of America stated that the AI boom is driving a significant shift in industry cash flow, from hyperscale cloud service providers to chip manufacturers, with semiconductor companies obtaining an increasingly higher share of AI capital expenditures. Bank of America believes that as AI infrastructure continues to expand, chip manufacturers are likely to become the main beneficiaries of this round of AI investment cycles. (Cointelegraph)