DO AI INVESTORS ACTUALLY KNOW WHAT THEYRE BACKING ?

What happened: A Bank of America survey found the share of global fund managers overweight technology is the highest since August 2020, and respondents named semiconductors the most crowded trade. Why it matters: The IMF said AI investment is supporting global growth but listed an AI-related stock market correction as a major risk. Reports differ on Tan's meaning, and a Goldman Sachs trading head said the remarks were taken out of context, yet the drop shows how sensitive the market is.

A Bank of America survey found the share of global fund managers overweight technology is the highest since August 2020, and respondents named semiconductors the most crowded trade.

The IMF said AI investment is supporting global growth but listed an AI-related stock market correction as a major risk. Reports differ on Tan's meaning, and a Goldman Sachs trading head said the remarks were taken out of context, yet the drop shows how sensitive the market is.