Reported 24 days ago
In light of changing macroeconomic conditions, Wall Street analysts are increasingly advising investors to focus on defensive stocks rather than those related to artificial intelligence (AI). With concerns about a potential economic downturn, utility and defensive sector stocks are gaining popularity, even as tech stocks, particularly in the AI space, face scrutiny over their long-term profitability. Analysts from firms like Bank of America and Morgan Stanley suggest that defensive shares might be a safer bet as economic indicators show signs of softening.
Source: YAHOO