AI Anxiety Is Fueling the Comeback in Value Stocks
The software selloff is boosting the appeal of value stocks.
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Yesterday’s beating on software stocks adds credence to the idea that this could be the moment value investors have been waiting for.
Value stocks (think consumer staples, energy producers and miners) have been zooming higher as investors seek out companies that will benefit from an uptick in economic growth. On the flipside, tech has struggled this year on worries that AI will make a lot of business models obsolete.