Investors are moving away from stocks linked to artificial intelligence toward sectors with less AI exposure, weighing on the Nasdaq-100. The iShares Semiconductor ETF SOXX has fallen more than 23% in the past month, while Intel and Cerebras Systems have lost nearly 50%. Outside technology, the Dow Jones Industrial Average has risen 4.1%, and the equal-weighted S&P 500 has gained more than 5% over the same period. The rotation nevertheless remains negative for the broader index because the technology sector accounts for 37% of the S&P 500’s total market capitalization, while concerns about AI-related capital spending and potential legislative pressure continue to fuel volatility.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
