BofA Maintains Cautious Outlook for S&P 500 Amid AI-Driven Rally
Bank of America's Savita Subramanian has maintained her cautious stance on the S&P 500, despite its record-setting performance driven by a narrow group of AI-related stocks. The index reached nearly 7,520 in late May 2026, up almost 28% year-over-year.
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Topics: AI stocks investment strategy market concentration S&P 500