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Even wall street thinks this has gone too far More than half of institutional fund managers polled by bank of america now believe technology stocks are severely overvalued, signaling a dramatic shift in market sentiment. Some 202 panelists managing $550 billion in aum are raising a concern unseen since 2005, according to bofa.
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A net 20 per cent of fund managers surveyed this month by bank of america said companies were spending too much on their investments — the first time this has been a majority view in data. The ai stock bubble is finally catching the attention of wall street's biggest money managers A majority of global fund managers think companies are overinvesting, as market anxiety grows about the sustainability of the ai spending boom
Stocks have soared this year amid a flurry of ai announcements
Concerns have been rampant in recent weeks that artificial intelligence stocks are in a bubble A record number of global fund managers now believe that artificial intelligence stocks are in a bubble, according to bank of america’s (bac) october survey In the poll, 54% of global fund managers said that tech stocks look too expensive, which is double the number who said so just last month.
