BofA indicates that the AI stock market is still in a boom phase, with over 56% of investors rushing to buy out of fear of missing out.
A BofA survey of global fund managers found that most investors view AI stocks as still being in an uptrend, driven by FOMO (Fear of Missing Out), despite emerging concerns about overvaluation.
June 16, 2569 at 16.29:XNUMX a.m. Bloomberg News reported that A survey of fund managers worldwide by Bank of America (BofA). specify that Most investors still believe that the investment trend in artificial intelligence (AI) stocks is in a boom phase and has further potential for growth. The main driving force remains FOMO (Fear of Missing Out), or the fear of missing out on investment opportunities in stocks that are experiencing a rapid rise.
The survey, conducted between June 5 and 11, included fund managers who oversee a total of $4.65 billion in assets. 56% of respondents believe the AI market is in a boom phase, a period when investment flows are expanding and continuously attracting new investors to the market.
While 21% believe AI stocks are in a period of euphoria, often accompanied by excessively high valuations, another 9% believe the market is entering a profit-taking phase, a time when large investors are beginning to sell off their holdings to avoid the risk of a bubble burst.
The survey was conducted prior to the first day of trading for SpaceX shares, which raised approximately $1.8 trillion in its IPO and sparked market debate about the possibility that tech and AI stocks may be entering a bubble.
However, stocks in the semiconductor sector continued to rise strongly. The Philadelphia Semiconductor Index has risen nearly 100% since the beginning of the year, while shares of Micron Technology, Arm Holdings, and Intel have all surged more than 200%.
While confidence in AI remains strong, survey results reflect signs of growing concern as well. 80% of respondents specify that Global semiconductor stock holdings are currently the most crowded traded investment position, reaching a record high for the survey.
Additionally, investors slightly reduced their exposure to technology stocks, with the overweight portfolio falling to 26% from 33% the previous month. Meanwhile, the proportion of investments in global stocks decreased to 38% from 50%.
Nevertheless, cash levels in investors' portfolios remain low compared to historical averages, reflecting the market's continued preference for risky assets and the lack of signs of a major withdrawal from the AI investment theme in the near future.
refer : www.bloomberg.com
Read news related to both Thai and international stock markets here.
