The Zhitong Finance App learned that Savita Subramanian, head of stocks and quantitative strategy at Bank of America Securities, warned that although large technology companies are expected to see strong profit growth, their valuations may still be readjusted. In an interview, Subramanian expressed concern. He believes that investors “misunderstood fantasy as reality” and invested in technology stocks. They paid extreme or near-extreme price-earnings ratios to companies that are building the power infrastructure and data centers needed for artificial intelligence, yet these companies have no clear evidence of recent profits.

The Zhitong Finance App learned that Savita Subramanian, head of stocks and quantitative strategy at Bank of America Securities, warned that although large technology companies are expected to see strong profit growth, their valuations may still be readjusted. In an interview, Subramanian expressed concern. He believes that investors “misunderstood fantasy as reality” and invested in technology stocks. They paid extreme or near-extreme price-earnings ratios to companies that are building the power infrastructure and data centers needed for artificial intelligence, yet these companies have no clear evidence of recent profits.