exuberance

“With so much exuberance surrounding AI, it now appears time to take seriously the notion that the stock market has become overheated,” the report states.

What is your view on the current market exuberance?

"We've moved from a phase of exuberance to one of thoughtful capital deployment. Deal volumes may be lower than the peak years, but the quality of companies being funded is higher," says Mr Daniel.

Do you worry that some of the exuberance will fade out?

The market hasn’t experienced enough exuberance to signal a major correction is near, despite the run-up in high-beta tech, Wald said.