全球基金经理为企业“过度投资”敲响警钟 AI泡沫正在破裂?

第一财经
Nov 19, 2025

全球基金经理正展现出20年未遇的谨慎,首次就企业“过度投资”发出集体预警。  根据美国银行于11月18日发布的最新全球基金经理调查(FMS),认为企业资本支出过于激进的受访者比例净值达到20%,这是自2005年8月以来,首次出现多数基金经理持此观点的局面。该调查共涵盖202位基金经理,管理资产总规模高达5500亿美元。美银称,这一显著的态度转变与“人工智能(AI)资本支出热潮的规模及其融资方式”...

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