AI Investment to Drive Global Growth Through 2026, BofA Says

Bank of America's 2026 market outlook anticipates robust global growth, with U.S. GDP expected to hit 2.4% and China's at 4.7%, largely fueled by artificial intelligence spending, which BofA believes is not yet a bubble. This AI surge is shifting the economy from consumption-led recovery to one driven by capital expenditure and infrastructure, benefiting sectors like digital infrastructure and blockchain, evidenced by significant gains in Bitcoin mining stocks leasing data center capacity. However, BofA warns of potential market turbulence as the full economic impact of AI on inflation and labor markets becomes clearer, potentially deepening a 'K-shaped' recovery into a two-speed economy. Emerging markets may see near-term benefits from a weaker dollar and global monetary easing, while the overall backdrop remains cautiously supportive with projected Fed cuts in 2026.

(Source：CoinDesk)