AI bubble: Fund managers say companies are overinvesting

Global stocks are embroiled in a downturn as concerns over an AI bubble continue to mount — and for the first time in two decades, fund managers are flagging concerns about companies "overinvesting." That's according to the latest iteration of Bank of America 's Global Fund Managers Survey. The poll of 172 fund managers, who collectively manage assets worth $475 billion, was carried out between Nov. 7 and 13 — just before stocks around the world started selling off . 'Slow down, hyperscalers' In a note accompanying the findings on Tuesday, BofA strategists said that investors were still bullish on stocks in the second week of November, but noted that bubble concerns were mounting. For the "first time in 20 years investors say companies [are] 'overinvesting' (read 'slow down, hyperscalers')