TREE NEWS reports: A Bank of America survey shows fund managers’ overweight position in technology stocks rose to 37% in October from 30% the previous month, the highest since August 2020, as investors chase the AI-driven rally. About 45% of respondents expect an AI bubble by 2027, while 42% do not. Global semiconductor shares are now the market’s most crowded trade, the survey found.
BofA Survey: Tech Allocation Hits Highest Since 2020, Semis Most Crowded Trade
AI take
The striking detail is not the record tech overweight but the split on an AI bubble: 45% expect one by 2027, 42% do not. That near-even division, alongside semiconductors as the most crowded trade, suggests positioning is now driven by conviction about AI's trajectory rather than by valuation or diversification. The open question is whether this concentration continues to build, or whether the survey's own bubble anxiety becomes self-reinforcing and prompts a rotation.
Generated by AI for reference only.
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