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Bank of America Survey Finds Continued AI Growth
A Bank of America survey showed that the artificial intelligence stock boom will continue for a long time, as 56% of fund managers believe the market is in a period of prosperity, with increasing investment flows driven by fears of missing out. Semiconductor stocks, such as Micron and Intel, topped the list as the most traded deals, accounting for 80%. Regarding portfolios, investors reduced their investments in the technology sector to 26% and in global stocks to 38%, despite continuing to invest heavily in equity markets.
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