Superannuation funds say the AI boom has not created a sharemarket bubble, but they acknowledge the risks posed by surging valuations and market euphoria.

AustralianSuper’s new chief investment officer warns the market is feeling frothy: “There’s a lot of enthusiasm, a lot of excitement,” he says.

Superannuation funds say the AI boom has not created a sharemarket bubble, but they acknowledge the risks posed by surging valuations and market euphoria.