The planned IPOs of SpaceX and OpenAI could lead to a technology sector over-weighting in stock indexes that exceeds the concentration seen during previous market bubbles, warned Michael Hartnett, a strategist at Bank of America, according to a Bloomberg report.
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The planned IPOs of SpaceX and OpenAI could lead to a technology sector over-weighting in stock indexes that exceeds the concentration seen during previous market bubbles, warned Michael Hartnett, a strategist at Bank of America, according to a Bloomberg report.