[Bank of America Says Nasdaq 100 Index is Approaching Bubble Levels] According to a report by Golden Finance on June 23, Bank of America research analysts stated that although risks surrounding the rally of the Nasdaq 100 Index are accumulating, there may still be room for further expansion of the AI theme. The team's bubble risk indicator shows that the indicator for the Nasdaq 100 Index is slightly below 0.8, a level that typically signals heightened short-term tail risks, while tech stocks and semiconductor stocks have already exhibited extreme bubble-like price movements. The Bank of America team wrote that the AI bubble may take years to fully form, but history suggests that their indicator can help signal phase-based pullbacks.