BlockBeats News, June 16th, according to a survey by Bank of America, the upward trend of AI stocks seems to continue. Most investors believe that the Fear of Missing Out (FOMO) mentality is still driving this trading theme. In the bank's monthly survey, about 56% of fund managers chose the word 'boom' to describe the current stage of the AI cycle. This usually refers to a market uptrend gaining momentum and attracting more investors entering the market out of fear of missing out.

Only 21% of respondents believe that the industry has entered the 'frenzy' stage, where stock prices and valuations are pushed to extreme levels; another 9% of respondents described artificial intelligence as being in the 'profit-taking' stage.

This survey covered investors managing a total of $465 billion in assets, conducted from June 5th to June 11th, just before SpaceX's IPO. However, the survey also revealed investors' concerns about the tech sector. Four-fifths of respondents believe that buying and holding global semiconductor stocks is the most crowded trade in the current market, reaching the highest proportion in the history of the survey. Overall, investors reduced their overweight allocation to the tech sector from 33% to 26% and decreased their overweight allocation to global stocks from 50% to 38%.