However, there is skepticism about the potential of the artificial intelligence era, with investors seemingly reluctant to pay a premium for AI. This bullishness towards tech, but not AI, has led to increased market valuations and caught Wall Street professionals off guard.
Key takeaways:
- Investors are optimistic about the tech rally of 2023 and plan to increase or maintain their exposure to technology stocks.
- Less than 10% of respondents in a survey see a bubble in the tech sector bursting soon.
- This bullishness has led to the Nasdaq 100 having its best first half in history, increasing market valuations.
- However, investors appear skeptical about the potential of the artificial-intelligence era.