BCA Research: AI investment cycle enters the overtime race, and four indicators can warn of foam

BCA Research's investment strategist stated that the AI investment cycle has entered overtime, and profit growth, demand structure, and supply expansion pressure may emerge around 2027. Investors can pay attention to four indicators: GPU rental, AI storage chip price, AI application penetration rate and enterprise investment, token price and AI programming agent download volume. The decline in token prices and the stagnation of AI programming tool downloads are early signals. If the AI foam bursts, the US stock market may have a 30-50% correction.