AI Spending is Slowing Down. How Will the S&P 500 React?
Wall Street keeps setting records, yet a growing chorus of institutional voices now names artificial intelligence (AI) itself as the biggest threat facing global markets.
The S&P 500 sits at the center of that argument, and its concentration explains why.
Why Fund Managers Now Fear AI Most
A tail risk is a low-probability event with severe consequences, the kind fund managers watch even when markets look calm. AI just claimed the top spot on that list.
Bank of America's July Global Fund Manager Survey found 45% of respondents naming an AI bubble as the biggest tail risk, up from 28% the previous month.
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That figure displaced second-wave inflation from its first-place position. The same survey identified long positions in global semiconductors as the world's most crowded trade.
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