Woofun AI data shows that 82% of fund managers identify "longing global semiconductors" as the most crowded trade globally, marking a record high. The net overweight position in tech stocks declined from 26% to 18%, indicating position trimming rather than shorting.

Additionally, 61% of investors do not anticipate hyperscaler capital expenditure cuts this year.

The survey highlights that 45% of respondents view the AI bubble as a major tail risk, up from 28% in June. While some perceive a bubble, many still classify the sector as a "boom phase" with rising valuation risks. The poll covered 210 managers overseeing $555 billion in assets from July 2nd to July 9th.