Investors Flee Chip Rout, Seek Shelter in FTSE 100
FTSE 100 stocks with little direct AI exposure are outperforming as investors exit the chip sector, according to analyst Chris Beauchamp.
According to Chris Beauchamp, Chief Market Analyst at an online trading and investing platform, stocks with minimal direct exposure to artificial intelligence are currently favored. This comes as investors flee the ongoing chip sector rout. The FTSE 100 has become a refuge for capital rotating out of technology stocks.
Source: FXStreet Forex News