After a three-year love affair with anything related to artificial intelligence, U.S. investors are flocking to the factory owners, fast-food restaurants and commodity companies that have seemingly strong odds of surviving the technological revolution intact. The winners include McDonald’s Exxon Mobil and tractor maker Deere Left behind are the perceived potential victims of the AI revolution, a list that has ranged from wealth managers to software firms. In the past month, the S&P 500 sectors for industrials, materials, utilities and consumer staples have surged ahead of the overall index, while information technology has slid and the Magnificent Seven tech giants— Alphabet Amazon Apple Meta Microsoft Nvidia and Tesla —have languished.
Wall Street’s Latest Bet Is on ‘HALO’ Companies With AI Immunity
After a three-year love affair with anything related to artificial intelligence, U.S. investors are flocking to the factory owners, fast-food restaurants and commodity companies that have seemingly strong odds of surviving the technological revolution intact. The winners include McDonald’s Exxon Mobil and tractor maker Deere Left behind are the perceived potential victims of the AI…
