突发！“华尔街一哥”重大警告！

Core Viewpoint - The article highlights significant warnings from major financial institutions regarding the potential risks of asset bubbles, particularly in the context of artificial intelligence stocks and the broader market environment [3][4][5]. Group 1: Warnings from Financial Leaders - Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about rising asset prices entering bubble territory, indicating a potential for a 20% market drop [4]. - Dimon noted various uncertainties, including geopolitical tensions, high fiscal deficits, and persistent inflation risks, contributing to a risky market atmosphere [5]. - The latest Bank of America survey identified the "AI stock bubble" as the largest tail risk globally, surpassing concerns about a second wave of inflation and the Federal Reserve's independence [6][5]. Group 2: Fund Manager Sentiment - 54% of surveyed fund managers believe that AI concept stocks have entered bubble territory, with 33% citing the AI stock bubble as the top risk [6][7]. - The survey revealed an increase in stock allocation to an eight-month high, while bond allocation dropped to its lowest level since the end of 2022 [7]. - A record 60% of respondents consider global stock market valuations to be excessively high, with 43% identifying "going long on gold" as the most crowded trade [9]. Group 3: Market Dynamics and Investment Trends - The article discusses a "super investment cycle" driven by major tech companies, with Google announcing a $15 billion investment in a data center in India [10]. - Walmart's partnership with OpenAI to enhance AI-driven retail tools led to a nearly 5% surge in its stock price, reaching a historical high [11]. - Analysts warn that the upcoming earnings reports from large tech firms will be critical in determining whether their AI infrastructure investments yield profitable returns [11][12].