Chip index’s climb is giving fund managers a fear of heights, Bank of America finds

The semiconductor index's impressive climb is causing fund managers to second-guess their strategies, according to Bank of America, despite potential warning signs from inflation and the uncertain outlook for tech leadership. While most managers aren't ready to cut back on their tech exposure, some experts predict a shift in strategy as the quieter summer months approach. This reflects broader concerns about whether the tech rally can sustain itself in the face of economic headwinds.