# BIS warns AI spending frenzy could end like railroads, dot-coms, other manias — retained record

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-06-28 12:44 ingested 2026-06-28 13:08

[original source ↗](https://seekingalpha.com/news/4607890-bis-warns-ai-spending-frenzy-could-end-like-railroads-dot-coms-other-manias?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

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BIS warns AI spending frenzy could end like railroads, dot-coms, other manias

Jun 28, 2026, 8:44 AM ETSpace Exploration Technologies Corp. (SPCX) Stock, XLKBy : Rob Williams, SA News Editor

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The global race to build artificial intelligence infrastructure is delivering a boost to economic growth today, but the Bank for International Settlements says the boom carries echoes of some of history's most painful investment busts.

In its annual report released

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AI-related investments involve heavy borrowing, and a pullback in profits could lead to tighter credit conditions, lower tech valuations, and broader financial pressure if investors and lenders suddenly reassess risk.

If AI investments do not deliver expected returns, reduced spending may pressure technology valuations and slow economic growth globally, extending beyond Silicon Valley.

The BIS warns that, like past booms such as those in canals, railways, and the internet, excess investment in AI could be followed by painful reversals if profits fall short, impacting more than just stock prices.

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