BAC · Earnings call · 2026Q3T · Full report

AI Infrastructure Economic Impact

BANK OF AMERICA CORP /DE/ · 2026-10-14 · Importance 17 · Surprise 24

Management said AI capital expenditures are supporting the U.S. economy and creating capital requirements across AI companies and related businesses. It warned that a slowdown in AI activity could affect construction, staffing, food-service providers, lodging owners, and other businesses connected to data-center development. Management currently estimates nominal economic growth above 5% with inflation above 2%, and said the ultimate effect of any AI slowdown would depend on inflation, unemployment, and broader economic spillovers.