Goldman Sachs said the high volatility of AI stocks, the plunge in momentum factors and the extremely low correlation between S&P 500 stocks are reasons for investors to refocus on investment themes other than artificial intelligence
Goldman Sachs said the high volatility of AI stocks, the plunge in momentum factors and the extremely low correlation between S&P 500 stocks are reasons for investors to refocus on investment themes other than artificial intelligence. Strategists such as Ben Snider wrote that consumer experience stocks, "compound growth" stocks and M&A candidates are three investment themes unrelated to artificial intelligence that have extremely low correlation with AI portfolios or momentum factors. They said consumer experience stocks allow investors to benefit from the strong growth trend in experiential consumer spending at relatively reasonable valuations. (Bloomberg)