Investors Are Happy to Pay Premium for Tech, But Not for AI
- MLIV respondents plan to boost tech exposure or keep it steady
- Half of investors do not want to pay anything for AI tools
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Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype.
Some 77% of the 514 respondents to the latest Markets Live Pulse survey are planning to either increase their exposure to technology stocks or keep it steady over the next six months. Meanwhile, less than 10% see a bubble in the sector bursting anytime soon. That bullishness has pushed the Nasdaq 100 to its best first half in history, ramping up market valuations and blindsiding pros on the Street.