Jim Cramer cites AI stock sell-off as case for diversification
Overview
CNBC's Jim Cramer says this week's AI stock sell-off shows why investors should not concentrate in the market's hottest trade.
He points to the CNBC Investing Club's September 1 move out of Corning and into Kimberly-Clark, which rose 4.7% on Thursday, while the iShares Semiconductor ETF (SOXX) posted its eighth straight daily decline.
Written by AI from the articles below · updated Oct 15, 6:58 PM ET
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- CNBC · TechnologyNewsJim Cramer says AI stock sell-off shows why diversification matters
AICNBC's Jim Cramer says this week's AI stock sell-off shows why investors should not concentrate in the market's hottest trade. He cites the CNBC Investing Club's September 1 exit from Corning and purchase of Kimberly-Clark, which gained 4.7% on Thursday while the iShares Semiconductor ETF (SOXX) posted its eighth straight daily decline.
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