Reported 18 days ago
A recent Bank of America survey revealed that a record number of global fund managers now believe artificial intelligence stocks are in a bubble, with 54% seeing tech stocks as overly expensive. This marks a significant shift from prior months where concerns were lower. While enthusiasm over AI spending has driven US stocks to new highs, many market participants question if the valuations overstretch the earnings outlook. Additionally, worries about a potential US-China trade war and recession fears are beginning to temper overall market optimism.
Source: YAHOO