Bank of America’s August survey reveals increasing fears of an AI bubble among fund managers, with 32% citing it as the biggest market risk. Investors are shifting towards defensive and cyclical stocks, reducing exposure to AI, while European stocks gain favor over US counterparts.Bank of America’s August survey reveals increasing fears of an AI bubble among fund managers, with 32% citing it as the biggest market risk. Investors are shifting towards defensive and cyclical stocks, reducing exposure to AI, while European stocks gain favor over US counterparts.
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