Schroders CIO Says AI Stocks Are No Bubble After SpaceX’s $2 Trillion IPO
Updated
Updated · Financial Times · Jun 17
Schroders CIO Says AI Stocks Are No Bubble After SpaceX’s $2 Trillion IPO
2 articles · Updated · Financial Times · Jun 17
Summary
Johanna Kyrklund said AI groups and hyperscalers are not in bubble territory, arguing last week’s $2 trillion SpaceX IPO does not signal a destabilizing tech mania.
Schroders’ CIO said she still sees room for cash-flow and earnings growth, with low recession risk and contained bond yields supporting equities even as some AI-linked areas such as memory chips look frothy.
SpaceX shares have climbed more than 25% since their first trading day, while the Nasdaq 100 has rallied 29% since March, feeding debate over whether new tech share supply could drain demand from listed stocks.
Schroders’ survey of more than 1,000 investors overseeing over $72 trillion found geographic diversification and capital preservation high on the agenda, while about half now assess public and private equity opportunities together.