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Investing.com -- A wave of mega listings and fundraisings tied to artificial intelligence may signal that investor demand for the theme is close to exhausted, according to Sean Peche, founder and portfolio manager at Ranmore Fund Management. Our AI stock portfolio is beating the S&P 500 by 118%. Discover the stocks we're buying and the opportunities we're watching next. Exclusive for Yahoo! Finance readers: 55% off for Black Friday, plus an extra 15% at checkout. Subscribe today! » In a recent article, Peche noted that surges in listings and takeovers have historically come near market peaks, citing the AOL-Time Warner merger ahead of the 2000 dot-com top, Blackstone's 2007 IPO before the financial crisis, and the SPAC boom in 2021.
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