The post Fidelity and Allianz claim AI stock rally has much more to run appeared on BitcoinEthereumNews.com. Institutional investors at Fidelity International and Allianz Global Investors are pushing back against fears that the current artificial intelligence‑driven stock rally is overdone — instead, they argue, it still has significant room to run. AI developers have made it clear that they intend to significantly invest in the industry as more individuals begin to use their products. A Portfolio Manager and Client Solutions Investment Director at Fidelity International, Joseph Zhang, expressed his belief that the recent decline experienced in global semiconductor stocks is likely a short-term change. He also predicted that a bounce back will occur unless the use or spending on AI decreases. “The party is still just getting started,” said Zhang, adding that, “It would be a mistake to leave the party too soon.” Notably, reports from sources indicated that the Portfolio Manager was responsible for managing more than $10 billion in assets at Fidelity. Investors raise questions regarding the excitement around AI Analysts conducted research and discovered that market fears concerning a bubble have prompted some investors, such as Japanese multinational conglomerate SoftBank Group Corp., and Peter Thiel, who initially drew attention for his innovations in banking and financing startups, to withdraw their investments. However, the perspective shared by fund managers at Fidelity International and Allianz Global Investors highlights that optimistic investors remain composed, especially with substantial investments like Jeff Bezos’ new AI initiative. Supporters backed this claim, noting that they believe this growth represents a rare tech revolution, making it difficult to dismiss as just another passing trend. Hartwig Kos, head of growth multi-asset at Allianz Global Investors, also weighed in on the topic of discussion. Kos stated that few people really grasp the capabilities of AI at this point. Therefore, according to him, it is too early to conclude that it is a bubble. Fidelity’s…
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Fidelity and Allianz claim AI stock rally has much more to run
