The artificial-intelligence boom is most often seen as a Wall Street story.
Nvidia (NVDA) rallies
Big Tech spends billions. Data centers multiply. Investors debate which company will become the next major AI winner.
But Bank of America says something more substantial is starting to unfold under the surface. AI is splitting firms into two paths: those turning the technology into tangible growth and those being disrupted by it. The BofA research note of Aug. 20, shared with TheStreet, paints a stark picture of this gap in the leveraged-finance sector.