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A net 20 per cent of fund managers surveyed this month by bank of america said companies were spending too much on their investments — the first time this has been a majority view in data. More than half of institutional fund managers polled by bank of america now believe technology stocks are severely overvalued, signaling a dramatic shift in market sentiment. Even wall street thinks this has gone too far

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Some 202 panelists managing $550 billion in aum are raising a concern unseen since 2005, according to bofa. The ai stock bubble is finally catching the attention of wall street's biggest money managers A majority of global fund managers think companies are overinvesting, as market anxiety grows about the sustainability of the ai spending boom

Strategists at bank of america warn that the optimism expressed by fund managers could provide an air pocket for stocks to fall into if the federal reserve doesn't cut interest rates at its.

Stocks have soared this year amid a flurry of ai announcements Concerns have been rampant in recent weeks that artificial intelligence stocks are in a bubble