📲📉 Investors flee tech stocks as fears grow that AI boom is ending - report Global investors are shifting money from technology stocks into defensive sectors amid growing doubts that massive AI investments will generate the expected profits, the Financial Times reports. Global technology stocks have fallen more than 13% since early October, while consumer staples surged 10.6% in October, their strongest monthly gain since 1998. Healthcare stocks gained 9.8% over the same period. Major companies including Walmart, Procter & Gamble and Coca-Cola have outperformed tech stocks, while Citigroup has downgraded its outlook for the US and global technology sectors to neutral. 👍 Substack | Chat | @geopolitics_prime