GMO Asset Management

• A Catalyst for the AI Bubble Break ↗ GMO’s Asset Allocation team argues that forthcoming SpaceX share sales, possible Anthropic and OpenAI IPOs, and hyperscaler issuance could overwhelm a market with fewer flexible buyers. It contends that passive investing, benchmark constraints, and limited cross-asset reallocations have made equity prices unusually sensitive to supply shocks. 3Q 2026 —

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