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Bank of America Strategist Warns of High Concentration in Market Due to Mega IPOs like SpaceX

Bank of America Strategist Warns of High Concentration in Market Due to Mega IPOs like SpaceX

CointimeCointime2026/05/22 16:01

On May 22, Bank of America strategist Michael Hartnett stated that the mega IPOs planned by SpaceX and OpenAI could push the weight of tech stocks in market benchmark indices to levels of concentration that exceed those seen during market bubble periods.

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