Jim Cramer recommends buying non-AI stocks for diversification as tech trade shows fatigue
By
Alexa LoMonaco
The bagel they save for the regulars. Don't skim, savour.
Summary
CNBC's Jim Cramer advises investors to consider buying beaten-down stocks outside the AI trade for portfolio diversification. He suggests that as the artificial intelligence trade potentially cools, stocks in out-of-favor sectors could outperform. His comments follow Nvidia CEO Jensen Huang's Computex keynote which boosted AI-related stocks, but Cramer notes signs of fatigue in some software names and an impending flood of stock supply.
Key quotes
· 2 pulledThese are the stocks that will start going higher if tech retreats.
You'll wish you had some of these when the time comes and the momentum tech stocks run out of, well, momentum.
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