Fund Managers Warn AI Investment Boom Has Gone Too Far

A majority of global fund managers think companies are overinvesting, as market anxiety grows about the sustainability of the AI spending boom. From a report: 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 running back to 2005. “This jump is driven by concerns over the magnitude and financing of the AI capex boom,” said BofA…