56% say it’s still “prosperous,” while only 21% are shouting “frenzy”—the timing of this FOMO is taken just right and is pretty subtle. Semiconductors are already jam-packed to the highest levels in history, yet tech positions are actually decreasing—pretty interesting.

CryptoWorld News reports that a survey by a U.S. bank shows that the rally in artificial intelligence stocks appears to still be ongoing. About 56% of fund managers chose the word “prosperity” to describe the current phase of the AI cycle, indicating that the market’s upswing continues to build momentum and attracts more investors who fear missing out on the trend. Only 21% of respondents believe the industry has entered the “mania” stage, while another 9% describe AI as being in the “profit-taking” stage. The survey covered investors managing a total of $465 billion in assets, and the survey period was from June 5 to June 11. The survey also shows that four-fifths of respondents believe that buying and holding global semiconductor stocks is the most crowded trade in the current market, with the proportion reaching a record high. Overall, investors slightly reduced their overweight in the technology sector from 33% to 26%.