Looking To Diversify Away From AI? This Surging Stock Deserves a Look
XPO just delivered its strongest growth in nearly five years.
Overview
Has the AI boom finally run its course for investors?
The Nasdaq-100 entered a correction on July 29, defined as a 10% decline from a recent peak, and semiconductor stocks, which have driven the AI rally, suddenly look unreliable. The iShares Semiconductor ETF, which had more than doubled at one point this year, is now down 29% from its peak at the end of June.
Details
For investors who have overallocated into AI stocks, now is a great time to think about diversifying, and an excellent candidate is XPO (NYSE: XPO), the less-than-truckload (LTL) carrier.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.