The boom in artificial-intelligence stocks looks set to run further, according to a Bank of America Corp. survey, which found the majority of investors believe that the fear of missing out is continuing to drive the trade.
About 56% of fund managers in the bank’s monthly survey chose “boom” as the word best describing the current stage of the AI cycle. That refers to a period when a rally gathers momentum and the FOMO factor draws in more participants.
Only 21% saw the sector as being in the “euphoria” phase, when share valuations rise to extreme levels, while 9% described ...
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