AI BOOM SHOWING FAMILIAR BUBBLE SIGNS, BCA SAYS BCA Research says today’s AI surge is mirroring past booms that later collapsed. Their review of railways, electrification, the dot-com era, and oil cycles highlights the same patterns: tech adoption is slower than expected, revenues get overestimated, debt piles up, asset prices peak early, and investment busts hurt the economy. BCA warns the AI cycle may be near its top and could fade within 6–12 months, with a “Metaverse Moment” marking the point to turn defensive on stocks.(*Walter Bloomberg)