Bank of America(US:BAC) 智通财经网·2025-10-14 12:37Group 1 - The proportion of global fund managers who believe that the AI sector is in a bubble has reached a historical high, with approximately 54% of respondents indicating that technology stocks are currently overvalued [1] - The Nasdaq 100 index has increased by 18% year-to-date, with a forward P/E ratio rising to nearly 28 times, surpassing the 10-year average of 23 times [1] - Concerns about overvaluation have intensified, with worries about global stock market valuations also peaking in the latest survey [1] Group 2 - Fund managers' stock allocation reflects a degree of market optimism, with the proportion of funds invested in U.S. stocks reaching an eight-month high [3] - Concerns about an economic recession have decreased to the lowest level since early 2022, despite a decline in cash holdings [3] - The "AI bubble" is viewed as the largest tail risk in the current market, followed by inflation resurgence, concerns over the independence of the Federal Reserve, and risks of dollar depreciation [3]