Tech rout deepens: the sectors benefiting from the AI sell-off
Overnight we saw a rout in technology stocks, as Meta's cash flow turned negative due to its huge AI spending bill. It shocked investors, and deepened worries for the whole sector. Stocks plummeted, dragging indices further down for the month. But it's clear investors are finding 'safer' sectors, with health, consumer and insurance sectors surging as October continue.
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The skinny
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