Gold as a Hedge Against AI Bubble
According to Bank of America (BofA), gold could outperform equities if the current AI hype fades, leading to compressed valuations and reversed investor flows.
Analysts at BofA, led by Michael Hartnett, note that the current forward earnings multiple of the S&P 500 is 23 times, exceeding its two-decade average of 16.
With AI equity leadership ain’t budging for the time being and we like gold … as best boom/bubble hedges
The BofA team suggests that gold has emerged as a compelling hedge against a potential correction in the AI-led market rally.
Author's summary: Gold may outperform equities if AI hype fades.
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