Investors should diversify out of AI stocks: Strategist

US Equities (^GSPC, ^DJI, ^IXIC) have been mixed on Monday morning as Wall Street moves into the second half of the year. The first two quarters of 2024 have been dominated by the tech sector and AI names, but can those rallies continue?
Charles Schwab chief global investment strategist and managing director Jeffrey Kleintop joins Morning Brief to give insight into how markets may play out in the second half of the year and whether investors should adjust their positioning regarding AI.
Kleintop says that investors should only pull out of their AI names "when they can see that there are opportunities elsewhere, there are a number of other parts of the market that are much more attractively valued and have increasing earnings momentum. One of the things that we've seen over the last four or five quarters is that AI stocks have driven almost all the earnings gains".
#youtube #yahoofinance #stocks

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance