BofA strategist: Gold and Chinese stocks have become the best hedging tools under the AI craze.

Bank of America strategist pointed out that facing the wave of high valuation in the artificial intelligence sector, Chinese stocks and gold are the best hedge tools. The forward Price/Earnings ratio of the S&P 500 index reached 23 times, far higher than the average level of 16 times in the past twenty years. The Bank of America team led by Michael Hartnett stated in their report, "The leading trend of the AI sector will not change in the short term, we believe that gold and Chinese stocks are the best hedge tools against the wave/bubble."