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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. 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. For the first time in 20 years, ai bubble fears have fund managers saying companies are overdoing it
Glo Project
Bank of america's fund management survey for november highlights clear and present danger The ai stock bubble is finally catching the attention of wall street's biggest money managers Investors are the most overweight stocks they've been since february, portfolio cash levels of just 3.7%.
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 The reported cash level in bank of america's fund manager survey fell to its lowest level in more than a decade.
