"You've got to be selective about what you buy," Sean Peche, portfolio manager at Ranmore, told CNBC's Squawk Box Europe.
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"Fundamentals and valuations can only be ignored for so long," one portfolio manager told CNBC.
With the AI bubble inflating valuations across the tech sector, it's becoming difficult to find stocks that aren't already deep…
Major institutions and influential figures are increasingly issuing warnings about soaring valuations.
"We are, however, wary of positioning, and remain watchful of stretched valuations," one fund manager told CNBC.
We understand the concerns about valuations in the speculative aspects of the AI, but not in the best of the best stocks we own.
Josh and Sean note that AI spending remains on fire and discuss a Best Stock riding that wave you may not have heard about.
