Bank of America survey: The boom in artificial intelligence is expected to continue, with FOMO sentiment driving the market further
According to Odaily, a survey by Bank of America suggests the rally in artificial intelligence stocks is likely to continue. Most investors believe that FOMO psychology is still driving this trading theme. In the bank’s monthly survey, about 56% of fund managers selected the word “boom” to describe the current stage of the AI cycle. This typically refers to a period when market momentum continues to build, attracting more investors who fear missing out. Only 21% of respondents believe the sector has entered the “euphoria” stage, meaning share valuations have been pushed to extreme levels; another 9% of respondents described artificial intelligence as being in the “profit-taking” stage.
The survey covered investors managing a total of $465 billion in assets, with the survey period running from June 5 to June 11, just before SpaceX’s listing. However, the survey also shows that investors have certain concerns about the technology sector. Four out of five respondents think that buying and holding global semiconductor stocks is currently the most crowded trade on the market, hitting a record high for this survey. Overall, investors slightly reduced their tech sector overweight from 33% to 26%, and lowered their global equity overweight from 50% to 38%. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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