Bank of America Survey Highlights Crowded Tech Trade

Bank of America’s November Global Fund Manager Survey identifies the “Seven Tech Superpowers” as the most crowded trade, surpassing gold, among 202 major institutional investors.

This shift signifies significant investor interest in major tech companies, potentially impacting market dynamics, but shows no immediate effect on crypto assets or blockchain-related investments.

Tech Giants Overtake Gold: New Market Focus Revealed

Bank of America’s November survey has flagged “Seven Tech Superpowers” comprising Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla as the most crowded trade. This list replaced gold, indicating a potential shift in market focus. According to the survey, which engaged 202 institutional investors managing an aggregate of $550 billion, tech has eclipsed gold in terms of investment momentum. Market participants see tech domination as an indicator of emerging investment trends. Despite speculations, there is no evidence of immediate major capital reallocations or significant public remarks from involved tech leaders. Regulatory bodies and key figures in the financial industry remain silent, with no statements confirming changes due to the survey findings as of now.

Coincu research suggests the growing tech focus could overshadow traditional investments, prompting regulatory updates or shifts in taxation policy. Although lacking immediate direct impact, continued trends may reshape investment landscapes.

No direct statements were issued regarding the survey’s implications as of November 18, 2025.

Cryptocurrency and Tech: Parallel Trends and Possible Impacts

Did you know? In prior surveys by Bank of America, a shift towards crowded trades has occasionally led to market corrections or transitions into alternative assets like cryptocurrency.

As reported by CoinMarketCap, Bitcoin (BTC) currently trades at $93,253.02, boasting a market cap of $1.86 trillion and a 24-hour trading volume showing a 28.74% shift. Despite minor increases of 1.23% in the past 24 hours, the asset notes a decline over longer periods, reflecting a 9.66% drop in seven days.

Any lasting changes might depend on market adaptability and regulatory responses.