Bank of America's derivatives team noted in their latest report that when the AI bubble bursts, the market will behave differently from recent months, with both stocks and US Treasury yields falling simultaneously. The report cited the over 15% plunge in cloud computing infrastructure company CoreWeave's stock price on October 14, and the 135 basis point widening of its credit default swap spread, as a "transmission chain" for the AI bubble's collapse. This suggests that pressure in the private AI ecosystem will impact Nasdaq and drive the bond market into a risk-off mode. This week, the AI sector has underperformed the S&P 500's non-AI components by a cumulative 840 basis points.