Investors should diversify beyond AI trade, says CIO

VIDEO SHOWS: N/A STORY: Conger said investors should trim AI-related holdings as the sector takes up a larger share of indexes such as the S&P 500. "Given that the AI CapEx exposure in the broad indices like the S&P are close to 50%, it would seem to us that a good portfolio exercise is to reduce that concentration. You know, obviously don't want to zero that out because it's important, you know, part of the economic growth picture. But we've done everything we can to skew portfolios away from that." He likes homebuilders, betting lower interest and mortgage rates could support housing demand.