/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
Amidst the AI infrastructure boom and strong earnings by technology giants, there seems to be lingering fear of a potential bubble. Michael Hartnett, managing director and chief investment strategist at the Bank of America, is one of the strategists who believes that an AI bubble bust is impending. Harnett also opines that with the IPO of SpaceX (SPCX) and the potential IPOs of OpenAI and Anthropic, market concentration of technology stocks in the S&P 500 ($SPX) is likely to increase to 48%. This, in his view, is another worrying sign.
On the other hand, technology sector leaders like Nvidia (NVDA) continue to create value. In the last 52 weeks, NVDA stock has trended higher by 24%. During this period, revenue growth has been robust, and cash flow acceleration has been meaningful.
