Bank of America survey: The proportion of fund managers who believe AI stock valuations are in a bubble has reached a record high

Mars Finance reported on October 14th that a new Bank of America survey revealed that a record number of global fund managers believe that AI-related stocks have entered a bubble after their sharp gains this year. In the October survey, approximately 54% of respondents stated that tech stocks are overvalued, a stark contrast to the previous month, when nearly half held a negative view. Meanwhile, the proportion of those who believe that global stock markets as a whole are overvalued also reached a new high. Fund managers' asset allocations continue to show a degree of optimism, with exposure to US stocks rising to an eight-month high, a level last seen before tariff concerns intensified. Fears of a recession have fallen to their lowest level since early 2022. The survey also revealed that an AI bubble is considered the biggest tail risk in the current market, followed by a rebound in inflation and concerns about weakening Federal Reserve independence and a depreciating dollar. (Jinshi)