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‘Even better than tech.’ A scramble into this sector is coming, warns veteran wealth manager. - MarketWatch
Overview
Veteran wealth manager Ted Oakley warns that investor exuberance over AI and tech risks blinding people to opportunities elsewhere, urging investors to "own the whole gamut" rather than concentrate in one sector. His caution comes as Nvidia’s earnings and a heavy slate of big-tech reports dominate markets, highlighting the danger of a narrow, AI-driven rally. Oakley’s view echoes other skeptics who say AI hype may be overshadowing fundamentals and could prompt a scramble into non-tech areas if investors rotate.
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