BofA Survey: Record Percentage of Fund Managers Seeing AI Stock Valuations as a Bubble

BlockBeats News, October 14th, a new survey from Bank of America shows that a record proportion of global fund managers believe that AI-related stocks have entered a bubble zone after this year's sharp rise. In the October survey, about 54% of respondents said that tech stock valuations were too high, a sharp contrast to the previous month when nearly half of them held a negative view. At the same time, the proportion of those who believe that the overall global stock market is overvalued has also reached a new high.

Fund managers' asset allocation still shows a certain level of optimism, with their exposure to US stocks rising to an eight-month high, a level not seen since concerns about tariffs escalated. Concerns about an economic recession have fallen to their lowest level since early 2022. The survey also shows that the AI bubble is seen as the biggest tail risk in the current market, followed by a rebound in inflation, concerns about the weakening of the Fed's independence, and US dollar depreciation. (FXStreet)